407 research outputs found
Royaume-Uni : réforme et transformation
No full textBarrell Ray. Royaume-Uni : réforme et transformation. In: Revue de l'OFCE, n°71, 1999. pp. 223-245
Sustainable Adjustment of Global Imbalances
Get PDFThis paper uses NIESR’s global econometric model, NiGEM, to analyse possible adjustment paths for the US current account, if its current level of 6 per cent of GDP proves unsustainable. Nominal exchange rate shifts have only a transitory impact on current account balances, so any long-term improvement of the US current account balance would require a real and sustained reduction in domestic absorption, or a rise in foreign absorption. This could be effected through a sequence of exchange rate movements driven by a gradual rise in the risk premium on US assets. This would induce a permanent change in the real exchange rate, and would also reduce domestic absorption in the US due to a rise in real interest rates. Global policy coordination, which involved raising domestic demand in countries such as China and Japan, could speed the process of adjustment and ease the negative impact on the US economy.global imbalances, real exchange rate realignment, risk premia, US current account
Financial Regulation
No full textThe financial crisis that engulfed the world in 2007 and 2008 has led to a wave of re-regulation and discussion of further regulation that has culminated in the proposals from the Basel Committee as well as those in the Vickers Committee report on Banking Regulation and Financial Crises. This issue of the Review contains a number of papers on Banking Regulation, covering many aspects of the debate, and we can put that debate in perspective through these papers and also by discussing our work on the relationship between bank size and risk taking, which is reported in Barrell et al. (2011). We addressed the causes of the crisis in the October 2008 Review, and began to look at the costs and benefits of bank regulation in Barrell et al. (2009). In that paper we argued that we needed to know the causes of crises and whether the regulators could do anything to affect them before we discussed new regulations. It is now generally agreed that increasing core capital reduces the probability of a crisis occurring, and most changes in regulation that are being discussed see this as the core of their toolkit. The work by the Institute macro team in Barrell et al. (2009) and in Barrell, Davis, Karim and Liadze (2010) was the first to demonstrate that there was a statistically important role for capital in defending against the probability of a crisis occurring, and our findings were widely used in the policy community in the debate over reform.</jats:p
[A steamship full of passengers travelling down a body of water in front of rolling green hills while flying an American flag and an unidentified red striped flag; a steamship travelling in the middle of the ocean, flying an American flag, a Spanish flag, a French flag, an unidentified blue striped flag, and an unidentified red flag; two sailboats and two sailing ship travelling in front of an erupting volcano; two sailboats and one sailing ship travelling in stormy weather, with four birds flying nearby]
No full textGeorge Barrell, Ms., 1806. s.l., page 2. From a bound account entitled "Journal of a Voyage from Boston to Malaga in the Brig Venus and Return in the Schooner Louisiana by George Barrell." Along with Barrell's prose descriptions of life at sea and detailed depictions of Gibraltar and Malaga, the author drew 32 colored illustrations, primarily of landscapes and people he encountered on his journey
[Trees and a large scroll hanging from a boulder in the middle of the Atlantic Ocean, various Boston, Ma., buildings and churches represented to the left of the boulder, with the brig Venus sailing and flying an American flag, while to the right of the bolder rest the hills of Málaga, Spain, and the schooner Louisiana, sailing and flying the British flag, with numerous ships sailing in the ocean]
No full textGeorge Barrell, Ms., 1806. s.l., page 1. From a bound account entitled "Journal of a Voyage from Boston to Malaga in the Brig Venus and Return in the Schooner Louisiana by George Barrell." Along with Barrell's prose descriptions of life at sea and detailed depictions of Gibraltar and Malaga, the author drew 32 colored illustrations, primarily of landscapes and people he encountered on his journey
[A hat belonging to a Fusilier, with a feather at the front, three initials (GBF?) at the side, and tassels at the back; a helmet belonging to a member of the Boston Light Infantry, resembling a Roman Galea helmet, with purple plume (feather) and decorations to the front and side; and a black tricorn hat belonging to a militia officer, decorated with a gold trim, and a black and purple feather]
No full textFusileer"; "Boston Light Infantry"; "Militia Officer".; George Barrell, Ms., 1806. s.l., page 20. From a bound account entitled "Journal of a Voyage from Boston to Malaga in the Brig Venus and Return in the Schooner Louisiana by George Barrell." Along with Barrell's prose descriptions of life at sea and detailed depictions of Gibraltar and Malaga, the author drew 32 colored illustrations, primarily of landscapes and people he encountered on his journe
[The jewel worn by the last Grand Master of the Knights of Malta: a red ribbon holding a large medal consisting of rows of rubies, sapphires, emeralds, diamonds, amethyst, topaz, and turquoise; five gold compasses (drawing tool) with rubies on the hinges; and a center piece featuring a cross over a crescent moon, surrounded by a circle with the letters 'HTWSSTKS' (Hiram The Widow's Son Sent To King Solomon)]
No full textGeorge Barrell, Ms., 1806. s.l., page 10. From a bound account entitled "Journal of a Voyage from Boston to Malaga in the Brig Venus and Return in the Schooner Louisiana by George Barrell." Along with Barrell's prose descriptions of life at sea and detailed depictions of Gibraltar and Malaga, the author drew 32 colored illustrations, primarily of landscapes and people he encountered on his journey
[A sailboat with two masts, flying a Spanish flag while sailing between an unidentified piece of land and Gibraltar, with numerous boats and two flying birds visible in the distance; a male soldier with mutton chops and a mustache, wearing a black Galea helmet with red, green, and gold detail, a red plume feather, and a gold bird ornament; a soldier in uniform, wearing a military jacket with red trim, gold epaulettes, and a white sash, and an ornate Galea helmet with a red and blue plume feather, gold bird ornament, and a gold chin strap; three soldiers marching in a line: the first, a stout man with a ruddy complexion, holding a staff over his shoulder, while wearing a plumed hat and a military uniform, a sword hanging from his waist; the second, a tall man wearing a military uniform, carrying a rucksack on his back and a flag with a Nordic cross over his shoulder; the third, a black soldier wearing a helmet with a tall blue feather, carrying a drum strapped to his torso; a soldier in uniform, holding a sword in his right hand with a pistol in his sash belt, riding an emu, with smoke emitting from a pipe in his mouth; a soldier standing, dressed in uniform and holding a sword drawn from a scabbard]
No full text18. Sept 23, 1806 - 'We found a great number of Americans, Swedes and Danes (at Gibraltar), also the Frigate Constitution.'"; George Barrell, Ms., September 23, 1806. s.l., page 23. From a bound account entitled "Journal of a Voyage from Boston to Malaga in the Brig Venus and Return in the Schooner Louisiana by George Barrell." Along with Barrell's prose descriptions of life at sea and detailed depictions of Gibraltar and Malaga, the author drew 32 colored illustrations, primarily of landscapes and people he encountered on his journe
Benchmarks and targets under the SGP; evaluating safe deficit targets and automatic stabilisers using NiGEM
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