drought‚ output and inflation understanding the nature and Causes of food inflation Ramesh Chand The main reason for the current surge in food prices is the supply shock due to the drought in 2009 and the carry-over effect of the low growth of food production in 2008-09. As the frequency of such shocks is expected to rise‚ India needs to have an effective food management strategy to deal with these episodes. It also needs to explore various other options for price stabilisation like maintaining
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Essay Current environmental situation I have chosen the ecological theme‚ because nature and environment have a huge impact on people’s life. In my essay I want to discuss and observe different kinds of pollutions. Today is the 21 century and people who live in this time‚ are very dependent from industrial goods. We can’t see our live without a lot of techniques‚ and the main thing is transport. Everyday each of us goes to school‚ university‚ work and etc. Millions of chimneys‚ cars‚ buses
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Current Economic State It is now January 2013 and according to some people‚ the upper class perhaps‚ the recession is over and the economy has “bounced back.” However‚ I have yet to feel the rebound of this bouncy economy. The first quarter of 2013 has no concluded so naturally in order to see what the experts say about the expanding and contracting of the economy we must look to the previous quarter. In first quarter of the year the economy expanded 2 percent and 3 percent at the end of 2011
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Laws of motion for Pakistan’s government 1st: energy can neither be created nor be destroyed‚ but can change its form. For Pakistan’s current situation it goes like ENERGY CAN NEVER BE CREATED; IT’S AVAILABLE FOR THE ELITE ONES ONLY. That’s such a shameful reality of our present power generation scenario‚ false promises are made in every session for no use and its now obvious to everyone that energy will never be available with such absurd advertisements about electricity trafficking and operating
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Discuss the effectiveness of using interest rates to control the rate of inflation. In 1997 the Bank of England was given independence over monetary policy in the UK. It was given the role of setting interest rates on a monthly basis for the purpose of achieving an inflation target of 2% (+/-1%) as measured by the CPI. The diagram above shows a short run aggregate supply curve and how an increase in interest rates may affect it. If the change is successful consumption‚ investment‚ and exports
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1. Speak about your interests and hobbies‚ and their influence on your personality. Through the course of our lives‚ we spend time doing particular tasks that may either help us to earn money or build the staircases to our futures and careers. However‚ beside these routine tasks‚ most of us also do things which we enjoy doing. Such activities are called ‘hobbies.’ Hobbies are activities which help us escape from daily routine and work and give us pleasure and peace of mind. Last year I had no hobby
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Interest rate pass-through: the case of Hungary Csilla Horváth‚ Judit Krekó‚ Anna Naszódi Magyar Nemzeti Bank‚ Budapest‚ 1850‚ Szabadság tér 8-9‚ Hungary Telephone: 00-36-1-428-2600‚ Fax: 00-36-1-428-2590 Email: horvathcs@mnb.hu‚ krekoj@mnb.hu‚ naszodia@mnb.hu 1 Interest rate pass-through: the case of Hungary Csilla Horváth‚ Judit Krekó‚ Anna Naszódi Abstract In this paper we analyze the interest rate pass-through in Hungary‚ with the help of ECM and TAR models‚ using both aggregated and bank
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accounts for the today’s difference in unemployment rates between France and US? France has one of the highest unemployment rates out of the industrialized nations. It has been at around 10% for the last two decades. Many French workers will go through unemployment at some point in their career‚ and it is an especially high probability for the low skilled workers and the young. There are many possible reasons for why France has a much higher unemployment rate than the US and different groups have
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Understanding the Term Structure of Interest Rates Prepared for Fundamentals of Financial Management Distributed October 24‚ 2005 TABLE OF CONTENTS List of Figures....................... ....................................... .....................iii List of Abbreviations and Symbols............................. ..........................iv Summary.............................................
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The Effect of Minimum Wage in Unemployment Rate By KING NING ALFRED LAM I. Introduction Minimum wage is the lowest hourly wage that employers can legally pay to workers. The policy makers claim that the purpose of the minimum wage law is to increase the standard of living of workers and reduces poverty. However‚ there are critics about minimum wage would increases poverty by increasing unemployment rate. This topic has been debated for over 6 decades‚ there are significant numbers of studies
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