The Port Talbot steelworks in South Wales is the largest in the UK. Leighton Collins/ShutterstockThe last few years have been troubling for the British steel industry. High energy costs, a wave of cheap Chinese imports, plant closures, the COVID pandemic and financial struggles have all taken their toll.
Don Julio is a favourite of the wealthy in Buenos Aires but for most people steak is now too expensive. gg-foto/Shutterstock“Was the steak and wine as good as I’ve heard?” Undeniably the most common question I’m asked when I return from Argentina. And while my answer is – obviously – yes, the question is asked with good reason.
There is growing criticism from the opposition parties about the government’s handling of public healthcare, mostly due to the staff shortages that authorities are having difficulty addressing.
We analyze the optimal window length in the average inflation targeting rule within a Behavioral THANK model. The central bank faces an occasionally binding effective lower bound (ELB) or persistent supply shocks, and can also use quantitative easing. We show that the optimal averaging period is infinitely long given a conventional degree of myopia. Finite yet long-lasting windows dominate for higher cognitive discounting; i.e., the makeup property is shown to be qualitatively resistant to deviation from rational expectations.
We study the sensitivity of the realised LGD to macroeconomic conditions by exploring Global Credit’s confidential dataset on observed cash flows from defaulted loans. Given the prolonged duration of loan recovery, spanning several years, and the potential for macroeconomic fluctuations during this time frame, our study explores whether the sensitivity of realised LGD to macroeconomic conditions varies based on the timing of cash flows.
We analyze the optimal window length in the average inflation targeting rule within a Behavioral THANK model. The central bank faces an occasionally binding effective lower bound (ELB) or persistent supply shocks, and can also use quantitative easing. We show that the optimal averaging period is infinitely long given a conventional degree of myopia. Finite yet long-lasting windows dominate for higher cognitive discounting; i.e., the makeup property is shown to be qualitatively resistant to deviation from rational expectations.
We study the sensitivity of the realised LGD to macroeconomic conditions by exploring Global Credit’s confidential dataset on observed cash flows from defaulted loans. Given the prolonged duration of loan recovery, spanning several years, and the potential for macroeconomic fluctuations during this time frame, our study explores whether the sensitivity of realised LGD to macroeconomic conditions varies based on the timing of cash flows.
Households differ considerably in terms of the inflation they experience at any point in time. The main reasons for this are that prices (and thus price changes) differ from place to place and that households do not all buy the same products. Households adjust their purchases over time, but not enough to offset these differences.
Until last Friday, many businesses hadn’t really dealt with anything quite like the speed and severity of the CrowdStrike IT outage.
Being forced to stop operations is costly. Some estimates put the damage bill from the outage at more than A$1 billion in Australia alone.
As they continue to tally the losses, it’s only natural that affected businesses will be asking who is legally responsible, and whether there’ll be any compensation.
Greece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday.
