Term Structure of Interest Rate. Candidate number 25909 Section 2 In this section‚ I will introduce some essential components about term structure‚ explain the IS/LM model to reveal the relation between term structure and GDP growth and lastly bring in some empirical evidence to support this relation. 2.1 Some basic terminologies and equations Bond‚ being one of the most popular financial products‚ is one example of firm’s and nation’s lending and borrowing. There are two ways a bond delivers
Premium Economics Bond Inflation
Quantitative Chemical Analysis Lab Chemistry 223 Dr. Dean Olson Fall Semester 2013 Friday‚ August 30 Who Am I? B. Chem. – U. of Minnesota‚ Minneapolis M.S. – U. of North Carolina‚ Chapel Hill Environmental Chemistry; Copper kinetics in estuaries Later work: Calcium and magnesium binding to blood coagulation proteins Ph.D. – U. of Illinois; Oscillatory enzyme kinetics NMR Lab Director; see web page ( http://scs.illinois.edu/nmr/ ) 11 magnets‚ 350 users‚ 4 locations
Premium Analytical chemistry Chemistry
workers to the size of the labour force: 1‚000‚000 / 23‚000‚000 = 4.3 %. 4. a) The poor who are at minimum subsistence and who aspire to middle class consumption patterns: This group values income highly relative to leisure‚ so the indifference curve is relatively flat. As the wage increases‚ the income constraint line rotates clockwise‚ and we would expect a relatively large increase in hours worked. This response is dominated by a substitution effect‚ but there may be a small income effect
Premium Consumer theory Supply and demand
as a tractable and simple-to-implement method for extracting market risk factors from observed data. This approach‚ which is informationally efficient‚ quantifies the risk associated with portfolios using three principal factors that affect yield curves. Due to the orthogonal nature of the factors‚ correlation and covariance between the yields do not have to be explored‚ simplifying the calculation of VaR for the portfolios. Results of this paper indicate that the PC VaR outturn for the Jamaican
Premium Bank Principal component analysis Singular value decomposition
Lectures On Intermediate Microeconomics Kotut c Samwel‚ M. Phil (Economics) Moi University. Chapter one 1.0 Introduction Economics is the science of scarce resource allocation to meet endless human desires. The modern economics science has two major branches i.e. Micro-economics and Macro-economics. Compared to micro-economics Macro-economics is a younger branch of economics. Until the economic depression of 1930s economics was limited to what is
Premium Economics Utility Consumer theory
house Apportion method Common in standard projects but may differ/customise Given good historical data‚ estimates made quick easy & accurately Costs apportioned to phases/deliverables Function point methods (software/system projects) Est. based on “function points” (inputs‚ outputs‚ no. of data files) E.g. estimating labor cost 1 person p/m could represent avr. 5 function points Weightings used to find total no. function points Learning curves Projects needing same tasks‚ or
Premium Ratio Learning curve Project management
Kyoto´s Protocol signed by European Countries in 1997 made Eurozone commits itself to reducing their CO2 emissions by 5% (referred to 1990 figures) [1]. In order to achieve such a reduction all countries were forced to their own abatement figures and also to incorporate environmental policies to their legislations. The EU Commision´s 2007 and 2008 communications and proposals were the basis of Directive 2009/28/EC where Strategy 2020 was established. The basic core of this strategy is 20/20/20:
Premium Renewable energy
COMPUTER GRAPHICS (XCS 354) Two Mark Question UNIT – I 1. Define Computer graphics. Computer graphics remains one of the most existing and rapidly growing computer fields. Computer graphics may be defined as a pictorial representation or graphical representation of objects in a computer. 2. What is meant by scan code? When a key is pressed on the keyboard‚ the keyboard controller places a code carry to the key pressed into a part of the memory called as the keyboard buffer. This code is
Premium Cartesian coordinate system Computer graphics Dimension
prices in question 2? Explain. Chapter 5 1. Assume that Norway and Sweden trade with each other‚ with Norway exporting fish to Sweden and Sweden exporting Volvos (cars) to Norway. Illustrate the gains from trade between the two countries using the standard trade model‚ assuming first that tastes for the goods are the same in both countries‚ but the production possibilities frontiers differ: Norway has a long coast that borders on the north Atlantic‚ making it relatively more producing in fishing. Sweden
Premium Supply and demand International trade
the interest/discount rates rn) from the discount factors n given above (i.e.‚ from the prices of the above zero coupon bonds). Plot these against the time to maturity t of the bonds. This is the term structure of interest rates or the yield curve based on zero coupon bonds. D. Calculate the yield to maturity (i.e.‚ the IRR) of bonds A and B assuming they trade at the prices quoted in part B. Which bond has a higher yield to maturity at these prices? Compare these to the yields of the various
Premium Bond Bonds