B. Macroeconomic and Industry Analysis Macroeconomics is the study of the behaviour of the economy as a whole based on key indicators to perceive the health of the economy. These indicators include national output, inflation and unemployment (Heakal, 2011). The Vodacom Group Limited 2013 Annual Report stated that in 2012, Vodacom appointed the Economics Information Services to assess and document the broader social and economic contribution that the company has made to South Africa between 2006…
1.1. Granger causality test 1.1.1. Pre-crisis period from 2005 to 2007 Since we aim to compare the causal relationship between stock price and exchange rate before and after the 2008 global financial crisis, we analyze the Granger causality test results in different subperiods separately first. Before the test, we use final prediction error (FPE) criterion to select lag orders. During the pre-crisis period from 2005 to 2007, an optimal lag length of one was selected for all the seven markets.…
looking at how the “housing bubble” greatly affected the market during the 2008 crash. The build up from 2002-2006 is a key subject when discussing monetary policy and the housing market. Furthermore, there are many attributing factors that increased the housing bubble during this time frame, including: applying the Taylor rule, monetary policy, housing market sectors, and short-term low interest rates. The Taylor (1993) Rule, which forecasts interest rates based on nominal interest and actual…
(Fed), the Bank of England (BoE) and the European Central Bank (ECB), there has been an undeniable surge in the debating of the validity of the strategy by both scholars and industry professionals alike. The success of central bank’s asset purchasing policies are mostly perceived to decrease unemployment and boost economic activity; see (Kapetanios et al., 2012), (Joyce et al., 2012), (Gagnon et al., 2011) and others. It may be true that economic activity is increased as a result as a large…
Problems that Require these Polices There are many problems that has led to our current policies on fracking, which include the growth of the United States and its dependency on foreign oil has caused transformations in our technological innovations within the oil and gas industries. There are other areas which are more concerning, for instance, the regulations regarding fracking is that they are over thirty years old. Regulations vary from state to state, and the government has simply put…
increasing the monetary supply without tying the increase to gross national product output. Bernanake 's writings discussed the challenges of implementing a "helicopter money" policy, according to an article posted on Forbes.com, so Japanese financial leaders were anxious to consult with Bernanke before implementing such a policy. Bernanke 's visit to Japan was enough evidence to send stock prices soaring despite Japanese policymakers denying that they were considering direct debt monetization,…
Immigration is driven by various factors such as the increased population in the world (Bansak, Simpson and Zavodny). Such increase is further complemented by the introduction and growth of the modern technology that enables people to move from one place to another regardless of the distance between at a given time. Energy consumption, on the other hand, has been affected by the increasing demand for energy supply in daily activities such as transportation, cooking, entertainment, learning…
There is a dire need of the solution if we are to reduce the environmental degradation for the sake of the future generations. The development of the sustainable energy policy is required to change values and lifestyles in energy production and use. The decline of petroleum production near the end of the 21st century will cause oil and gasoline to be in shorter supply and more expensive but before that they need to be reduced…
Social Policy The process of policymaking is completed in steps. The steps include identifying the problem, and formulation of a plan, legitimizing the plan and then implementing and evaluation the policy. These steps may be completed alone, or in combination with the others. The total process will vary in time depending on the nature of the policy and the research involved and the cost of implementation. There are many components that work together to, complete the process, such as,…
National Compensation Survey Methods and Reasoning The National Compensation Survey (NCS) is a division of the United States Department of Labor, and resides within the website for the Bureau of Labor Statistics. The function of the NCS is to collect information regarding changes in employer and employee costs, as well as cost levels and cost of employee benefits. These three methods that the NCS uses to gain the data are the Employment Cost Index, The Employer Costs for Employee Compensation,…