It was over a year before I rediscovered my desire — and sense
of equilibrium in general.»
Kicking the consumption addiction is absolutely central to gaining some kind
of equilibrium in this economy of ours, so however well intentioned our consumer activism is — it must encourage making do with less.
If we initialize the anomaly at -0.4 C, which amounts to an assumption that the system is wildly out
of equilibrium in 1900, then this is what we get:
In 1972 Hicks won the Nobel prize for economics on the basis of Value and Capital, on the economic equilibrium theory, in particular the issue of the stability
of equilibrium in an economic system exposed to external shocks.
The concept
of equilibrium in economics is almost useless, because the system is too noisy, and the tendency toward equilibrium far weaker than the creativity of mankind creating new products, new markets, new technologies, new needs, etc..
In order to apply this technique to the Fund's portfolio, the existing securities and the securities to which one might upgrade, would have to come to some sort
of equilibrium in terms of value offered.
Yoga can also contribute to a greater sense
of equilibrium in states when experiencing acute cravings, insomnia, agitation, etc..
If enough people get up off their rearends and vote, the whole damn tax code can be rewritten to restore some kind
of equilibrium in the distribution of wealth in this country.
But how do we regain a sense
of equilibrium in a modern world that's going well over our personal speed limits.
Later Keynes underwent a conversion, stating, «Defense of free trade theory is, I submit, the result of pure intellectual error, due to a complete misunderstanding of the theory
of equilibrium in international trade.»
It could have left families owning their homes at the same cost they would have had to pay in rent — the economic definition
of equilibrium in property prices.
Not exact matches
«The first thing to keep
in mind is that,
in some long run
equilibrium, wage inflation should be equal to what the growth rate
of productivity is — so how much workers can produce — and the increase
in prices for the goods they produce,» he said at the UBS Greater China conference
in Shanghai.
Arrow and Debreu were able to show the existence
of an
equilibrium between supply and demand
in a free, competitive economy — but they also made clear that this could only exist if a given set
of assumptions about the economy and consumer behavior were true.
Success stories like Harrison's are few and far between for social entrepreneurs, defined as «someone who targets an unfortunate but stable
equilibrium that causes the neglect, marginalization, or suffering
of a segment
of humanity; who brings to bear on this situation his or her inspiration, direct action, creativity, courage, and fortitude; and who aims for and ultimately affects the establishment
of a new stable
equilibrium that secures permanent benefit for the targeted group and society at large,» by Roger L. Martin and Sally Osberg
in a 2007 Stanford University report titled «Social Entrepreneurship: The Case for Definition.»
That effort, which put supply and demand
in more
of an
equilibrium, raised prices by a few dollars (interestingly, before actual implementation).
In practice, the sub-markets are never simultaneously balanced or in a state of equilibrium except accidentally and never for very lon
In practice, the sub-markets are never simultaneously balanced or
in a state of equilibrium except accidentally and never for very lon
in a state
of equilibrium except accidentally and never for very long.
This only adds to the stress
of black professional women who are often focused on maintaining
equilibrium at home and
in their communities.
Just a classic general
equilibrium models, efficient markets, smooth continuous price movements, the Phillips curve, Black - Scholes — I'm good friends with Myron Scholes, and he's taught me a lot, but there's a lot
of flaws
in that model.
Everyone else is simply collateral damage
in the environment
of unstable
equilibrium they create.
«International Trade 101 analyses the partial
equilibrium effects
of a tariff as driving a wedge between demand and supply curves, whereby the price goes up and the quantity down,» he said
in a note to clients.
For starters, global oil production appears more closely
in line with demand following a prolonged search for a new
equilibrium amid a breakdown
in the Organization
of Petroleum Exporting Countries (OPEC) cartel and increasingly productive oil extraction technologies
in North America.
And if we've learned anything over the last few years, it's that expected returns do not equal realized returns, and expensive markets don't have to crash
in order to reach some sort
of equilibrium.
With the safety razor
in equilibrium on your index finger, place your thumb on the opposite side
of the handle slightly below your index finger.
Keynes argued that not only do depressions occur
in the real world
of sticky prices and wages, but even
in a world
of fully flexible prices there could be an
equilibrium of high unemployment, something sadly forgotten by much
of modern macroeconomics (Roger Farmer is a notable exception).
This belief is so powerfully embedded
in the standard
equilibrium models most economists use that, strangely enough, even those
of us who described the imbalances
in one paragraph and
in the very next paragraph insisted that a crisis was unlikely —
in China's case because
of the government's very high credibility and its role as financial guarantor — were automatically assumed to be predicting an imminent crisis.
«It has taken 18 months to start to rebalance the oil market with falling non-OPEC production
in a variety
of countries and demand showing signs
of recovery which means we are getting there, we're getting to a new
equilibrium.»
One
of his views that always stuck with me on that subject, at least as a starting point for thinking about it, was that it was somewhat nonsensical to talk about what «
equilibrium exchange rates» should be
in a world
of fiat currencies and fractional reserve banking.
For instance, for Canada and the U.S., we believe that the
equilibrium interest rate
in these conditions is on the order
of 3 per cent, like a range
of 2.5 per cent to 3.5 per cent, so much lower than what we used to think
of as a normal, steady, straight interest rate.
Alpha can also refer to the abnormal rate
of return on a security or portfolio
in excess
of what would be predicted by an
equilibrium model like CAPM.
The next implication
of having a global moderation
in trend growth, because
of the demographic reasons I mentioned, the next consequence
of that is that the
equilibrium rate
of interest also goes down.
In the past, you cited an article «Systemic equilibrium in a Bretton Woods II - type international monetary system» by Austin in the Journal of Post Keynesian Economics that explained this in detai
In the past, you cited an article «Systemic
equilibrium in a Bretton Woods II - type international monetary system» by Austin in the Journal of Post Keynesian Economics that explained this in detai
in a Bretton Woods II - type international monetary system» by Austin
in the Journal of Post Keynesian Economics that explained this in detai
in the Journal
of Post Keynesian Economics that explained this
in detai
in detail.
If the IT revolution increases profitable investment opportunities, then the
equilibrium real interest rate must rise
in order to encourage households to save more to finance the higher level
of investment.
Doubling employment would mean an extremely big increase
in real wages to get twice as many people willing to work, and it would be a very strange (though not theoretically impossible) halving
of average labour productivity that would be compatible with a very large increase
in equilibrium real wages.
Put another way,
in order for the holder
of any security
of spend out
of that investment, the security has to be sold to another investor who locks
in the identical amount
of funds (Iron Law
of Equilibrium).
Of course, that final line — that there is a new, higher «equilibrium valuation of equities» — is surely to remind some market historians of Irving Fisher's famous line that stocks had reach a new «permanently high plateau» on the eve of the 1929 stock market crash which ushered in the Great Depressio
Of course, that final line — that there is a new, higher «
equilibrium valuation
of equities» — is surely to remind some market historians of Irving Fisher's famous line that stocks had reach a new «permanently high plateau» on the eve of the 1929 stock market crash which ushered in the Great Depressio
of equities» — is surely to remind some market historians
of Irving Fisher's famous line that stocks had reach a new «permanently high plateau» on the eve of the 1929 stock market crash which ushered in the Great Depressio
of Irving Fisher's famous line that stocks had reach a new «permanently high plateau» on the eve
of the 1929 stock market crash which ushered in the Great Depressio
of the 1929 stock market crash which ushered
in the Great Depression.
In our view, this has raised the
equilibrium valuation
of equities.»
In order for this presumptive «wealth» to be spent, the overvalued securities have to be sold, but at that moment - Iron Law
of Equilibrium - someone else has to buy them.
Not even a small fraction
of this incremental demand would be available
in the physical gold market at this time, given that it already operates at a supply / demand
equilibrium.
But I'm
of the school that says, if that is proven — and it is, I think, a little bit
in the marketplace — if it is proven to be the case, then people will bid up the prices
of value stocks and bid down the prices
of growth stocks until they reach an
equilibrium and then future returns will be the same.
The Council
of Canadian Academies concluded
in a 2013 study, that «Canadian firms have been as innovative as they have needed to be,» doing business
in «a low - innovation
equilibrium.»
Instead, people have emotions and impulses and incomplete information, none
of which are accounted for
in perfect
equilibrium economics.
It will take politics — not markets — to break this bad
equilibrium, the moment when democracies cease to tolerate youth unemployment
of 58pc
in Greece, 57.4 pc
in Spain, 41.2 pc
in Italy and 36.5 pc
in Portugal.
In an environment
of persistently low inflation and real
equilibrium interest rates, the Fed will not be able to raise rates much further.
It is also important to note that at the beginning
of the current boom, the unemployment rate was around 6 per cent, suggesting that there was some excess capacity
in the labour market at the outset
of the adjustment to the mining investment boom (this is another point
of departure from the theory presented
in Section 2, which assumes that the economy is
in equilibrium prior to the boom).
Jury is still out on secular stagnation — «At present, it looks likely that the
equilibrium interest rate will remain low for the policy - relevant future, but there have
in the past been both long swings and short - term changes
in what can be thought
of as
equilibrium real rates»
The December 2016 decision by the PBOC to restrict investment - related FX purchases, however, changed the funding
equilibrium (this took effect following the most recent Redfin report, thus not yet visible
in most economic data releases as
of Feb 17).
As this represents a free market «
equilibrium», there is no distortion
in the allocation
of loanable funds.
While the mainstream view has been that markets tend towards
equilibrium and the role
of banks and finance can largely be ignored, Minsky argued that
in the good times the seeds
of the next crisis are sown as the financial sector engages
in riskier and riskier lending
in pursuit
of profit.
By way
of a reminder, the ECB has remained (too) optimistic about core inflation, largely partly on the view that a decline
in potential growth to around 1 % and an increase
in the
equilibrium rate
of unemployment would push wage growth and core prices gradually higher by 2017.
In a floor system, banks are kept flush with excess reserves, and monetary control is exercised, not be adjusting the quantity
of reserves so as to achieve a particular
equilibrium federal funds rate, but by manipulating the interest rate the Fed pays on banks» required and excess reserves holdings, alone or along with the Fed's overnight reverse - repo (ON - RRP) rate.