Size: px
Start display at page:

Download ""

Transcription

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28 SECOND GENERAL REPORT - APRIL During the same period, France and the Saar increased their hard coal purchases from other countries by 689,000 metric tons, or 14.4 %, with 5,486,000 tons in 1953 against 4,797,000 in It is principally the deliveries from Belgium and Germany to France and the Saar which have increased, by 486,000 metric tons (or 44.6 %) and 140,000 tons (or 3.8 %) respectively. 4. The Netherlands delivered 252,000 metric tons to other Community countries in 1953, of which 173,000 metric tons went to Belgium as against only 4,000 tons in During the same period, the Netherlands increased their purchases of hard-coal from other Community countries by 1,000,000 metric tons, or 41.3 %, with 3,422,000 metric tons in 1953 against 2,422,000 tons in It is principally the deliveries from Belgium and Germany to the Netherlands which have increased by 571,000 metric tons (or %), and 326,000 metric tons (or 16.8 %), respectively. 5. Finally, Italy received 823,000 metric tons more hard coal in 1952 from other Community countries, or 21.2 %, with 4,697,000 metric tons as against 3,874,000 in The increased deliveries to Italy came principally from Germany (+ 394,000 metric tons, or 13.2 %), France and the Saar (256,000 metric tons, or %) and Belgium (+ 168,000 metric tons, or 25.2 %). 6. Only Luxembourg, which does not produce coal, reduced its purchases from other Community countries. 26. This stepped-up trade has generally allowed producing countries to limit the accumulation of pit-head stocks and to maintain a relatively high level of production and employment despite a falling-of in demand which has varied in intensity in the different countries. Belgium thus increased its deliveries to other Community countries, as has been shown above, by 1,277,000 metric tons (a tonnage about equal to that on which additional compensation was paid under the Belgian compensation scheme), while deliveries from other countries to Belgium went up by only 489,000 metric tons.

29 'ψ fä %s*m η η o Smm 9FB 3 E E o U -α o α O υ σ Χ Ζ O ζ Ο υ ζ D S o υ _ r ι- Ο O >- ζ < s Oí lu o s o

30 o ζ s o υ ι i :_ w ^ 5 O >- z < s Oí LU O Jioiaa 51^ j /? iti\ f^?ís*?

31 ». c 3 E E o υ dl JO. c -c Üt Ol -Ό O I. * " α o υ 1 -o ί α X 5 D O UJ CO O u > 1- z 3 S o υ ae LU Χ ι- Ο O > 3 Õ J LU CO S o ca LL. ι/ϊ uu LU > I LU a IV

32 Γ * * Í^SItSfe,'.'V ; <;,ψ\ ν Ρ Α \'i:,.]x: i5hfi«3aèkk..fe / r^)k mtìtì^ rhffiïffis!üai3 Λ ζ 3 Ο υ ζ 3 S o r u ι ~ O õ o i OÍ 2 LL. e s = 3 O f y f v, Mi '"'-,.-.H V > -. ' -> ÉSSLÆ.'I 'V* 'V.f'V. ;. 1 t ' vy, * \. I, Ί -δ i; :- Ι-1 Β» v δ fi' ï - - Ρ fea

33 ζ 3 Ο υ c 3 E o υ O) Ό O O u o X CK < LD υ ζ < Ζ 3 s o u ί- Ο O < Q Ζ < LIJ U ζ < o w > I LU Q w

34 ζ 3 O υ ζ 3 S S o o? O a < 8 < 8 O ζ < LU U ζ < ' r' Hl «ii "'t

35 Γ t.: is» ':.'. ;-'' Sí c 3 E o U -a o o υ o X O O CD Ζ 3 O u ζ 3 i. s. o <-> "LT O ï s! O 8 O o χ 3 _j O i LU Oí LU > I LU Û

36 .' t Γ ì? Æså >'..'- ï HH < ζ 3 O υ >- Ζ 3 S s o ~ υ s o: S LU υ M S O 8 w > LU α Isis

37 β c 3 E E o U Φ -C 1/1 Q Ζ < ~ α <u -σ σ o o σ Χ Χ r- (- Ζ 3 O U >- t Ζ D Σ S O υ ι ι- Ο O ι- a ζ < 5 O α: i/ti i J IC ( mmm silti! Hk '

38 ζ 3 O υ ζ 3 Ο υ tc i 'S s δ * S I < o Z < I te ζ w κ LU > Ui Û y~* \_/v.r χ J f ν I Va' \ìibi/ mri^ / A l V % /^ΛΑ -' : w'^'ílv^te^i^) ν3τ\ΐ5..y / =^/>iv_ ^ ƒ

39 46 EUROPEAN COAL AND STEEL COMMUNITY 27. Finally, this intensified trade within the common market has helped to limit those imports of hard coal which, because they had to be paid for in scarce currencies, had weighed heavily on the trade balances of the Community countries. From 1952 to 1953 the volume of imports from the United States dropped by 60%, whereas imports from the United Kingdom rose by rather more than 40%. PRICES (') 28. Before the common market was established, coal prices were fixed by the governments in accordance with widely differing standards. Since there was still some difficulty in obtaining supplies of certain types of coal and because the delivered price of imported American coal remained higher than that of coals produced by the Community, an appreciable increase in prices could justifiably be feared. In order to counteract this danger, the High Authority decreed maximum prices at levels, which, in general, differed very little from those of the prices in force immediately before the common market was set up. The scope of price movements was thus limited. 29. In Germany, where there was one system of prices for the home-market and another at a higher level for exports, the Federal Government decided upon an increase in the home prices a few weeks before the common market was established. The effect of this increase, as well as that of the partial abolition of certain special prices hitherto granted to several categories of consumers, was kept within reasonable limits so far as it affected domestic households. (') The information given here relates solely to price trends during those months of 1953 and early 1954 which followed the establishment of the common market. The new decisions of the High Authority, which comprise the reduction of certain maximum prices and the introduction of price freedom in a number of coalfields, became effective as from April 1,1954. They are still too recent for all their effects to be analyzed (see below, Nos ).

40

41

42

43

44

45

46

47

48 Trade in iron and steel products^within the Community October-December 1953 (monthly average) Januory-June 1953 (monthly-average) GERMANY DELIVERIES FROM GERMANY TO OTHER COMMUNITY COUNTRIES (in metric tons)

49 DELIVERIES TO GERMANY FROM OTHER COMMUNITY COUNTRIES Netherlands L (in metric tons) Belgium- Luxembourg ">i-;x -;- : France ^

50 Trade in iron and steel products within the Community October-December 1953 (monthly average) January-June 1953 (monthly averagel BELGIUM-LUXEMBOURG DELIVERIES FROM BELGIUM AND LUXEMBOURG TO OTHER COMMUNITY COUNTRIES (in metric tons)

51 DELIVERIES TO THE BELGO-LUXEMBOURG ECONOMIC UNION FROM OTHER COMMUNITY COUNTRIES ) '.] (in metric tons) BELGIUM- LUXEMBOURG X - ^ Λ ' '',:: >, --. ". 'JFa tl Uoor.-l r w^

52 Trade in iron and steel products within the Community October-December 19S3 (month// average), y^ January-June 1953 (monthly averagel FRANCE-SAAR DELIVERIES FROM FRANCE AND THE SAAR TO OTHER COMMUNITY COUNTRIES (in metric tons) Belgium Luxembo'

53 DELIVERIES TO FRANCE AND THE SAAR FROM OTHER COMMUNITY COUNTRIES (in metric tons) Belgium- Luxembourg : m FRANCE baar

54 Trade in iron and steel products within the Community October-December 1953 (monthly averagel January-June 1953 Imonthly averagel ITALY DELIVERIES FROM ITALY TO OTHER COMMUITY COUNTRIES (in metric tons) W ΛΓ, Λ»Ρ IcJl Germa π^ερ Netherlands] J '

55 DELIVERIES TO ITALY FROM OTHER COMMUNITY COUNTRIES Nçtfjgrjarul. ι (in metric tons) Belgium Luxem bo

56 Trade in iron and steel products within the Community DELIVERIES FROM THE NETHERLANDS TO OTHER COMMUNITY COUNTRIES (in metric tons) October-December 1953 (monthly averagel January-June 1953 (monthly averagel NETHERLANDS /.'".''Îrt

57 DELIVERIES TO THE NETHERLANDS FROM OTHER COMMUNITY COUNTRIES (in metric tons)

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

146

147

148

149

150

151

152

153

154

155

156

157

158

159

160

161

162

163

164

165

166

167

168

169

170

171

172

173

174

175

176

177

IEEE..- AD-A INDICATORS OF COMPARATIVE EAST-EST ECONOMIC STRENGTH 171

IEEE..- AD-A INDICATORS OF COMPARATIVE EAST-EST ECONOMIC STRENGTH 171 AD-A145 450 INDICATORS OF COMPARATIVE EAST-EST ECONOMIC STRENGTH 171 IEEE..- 198f(U) BUREAU OF INTELLIGENCE AND RESEARCH (STATE) WASHINGTON DC ASSESSMENTS AND RESEARCH L KORNEI UNCLASSIFIED 07 DEC 82 512-AR

More information

TIGER: Tracking Indexes for the Global Economic Recovery By Eswar Prasad, Karim Foda, and Ethan Wu

TIGER: Tracking Indexes for the Global Economic Recovery By Eswar Prasad, Karim Foda, and Ethan Wu TIGER: Tracking Indexes for the Global Economic Recovery By Eswar Prasad, Karim Foda, and Ethan Wu Technical Appendix Methodology In our analysis, we employ a statistical procedure called Principal Component

More information

TIGER: Tracking Indexes for the Global Economic Recovery By Eswar Prasad and Karim Foda

TIGER: Tracking Indexes for the Global Economic Recovery By Eswar Prasad and Karim Foda TIGER: Tracking Indexes for the Global Economic Recovery By Eswar Prasad and Karim Foda Technical Appendix Methodology In our analysis, we employ a statistical procedure called Principal Compon Analysis

More information

Weekly price report on Pig carcass (Class S, E and R) and Piglet prices in the EU. Carcass Class S % + 0.3% % 98.

Weekly price report on Pig carcass (Class S, E and R) and Piglet prices in the EU. Carcass Class S % + 0.3% % 98. Weekly price report on Pig carcass (Class S, E and R) and Piglet prices in the EU Disclaimer Please note that EU prices for pig meat, are averages of the national prices communicated by Member States weighted

More information

ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Pursuant to Article 1 of the Convention signed in Paris on 14th December 1960, and which came into force on 30th September 1961, the Organisation

More information

Foundations of Modern Macroeconomics B. J. Heijdra & F. van der Ploeg Chapter 7: A Closer Look at the Labour Market

Foundations of Modern Macroeconomics B. J. Heijdra & F. van der Ploeg Chapter 7: A Closer Look at the Labour Market Foundations of Modern Macroeconomics: Chapter 7 1 Foundations of Modern Macroeconomics B. J. Heijdra & F. van der Ploeg Chapter 7: A Closer Look at the Labour Market Foundations of Modern Macroeconomics:

More information

The TransPacific agreement A good thing for VietNam?

The TransPacific agreement A good thing for VietNam? The TransPacific agreement A good thing for VietNam? Jean Louis Brillet, France For presentation at the LINK 2014 Conference New York, 22nd 24th October, 2014 Advertisement!!! The model uses EViews The

More information

Further Maths A2 (M2FP2D1) Assignment ψ (psi) A Due w/b 19 th March 18

Further Maths A2 (M2FP2D1) Assignment ψ (psi) A Due w/b 19 th March 18 α β γ δ ε ζ η θ ι κ λ µ ν ξ ο π ρ σ τ υ ϕ χ ψ ω The mathematician s patterns, like the painter s or the poet s, must be beautiful: the ideas, like the colours or the words, must fit together in a harmonious

More information

Output correlation and EMU: evidence from European countries

Output correlation and EMU: evidence from European countries 1 Output correlation and EMU: evidence from European countries Kazuyuki Inagaki Graduate School of Economics, Kobe University, Rokkodai, Nada-ku, Kobe, 657-8501, Japan. Abstract This paper examines the

More information

Purchasing power parity: A nonlinear multivariate perspective. Abstract

Purchasing power parity: A nonlinear multivariate perspective. Abstract Purchasing power parity: A nonlinear multivariate perspective Frédérique Bec THEMA, University of Cergy-Pontoise and CREST, France Mélika Ben Salem OEP, Paris-Est University and LEA-INRA (PSE), France

More information

United Kingdom. Total MAP Caseload. Average time needed to close MAP cases (in months)

United Kingdom. Total MAP Caseload. Average time needed to close MAP cases (in months) United Kingdom 500 400 Total MAP Caseload Cases started before 1 January 2016 2017 start inventory Cases started Cases closed 2017 end inventory 149 0 39 110 68 0 15 53 300 200 100 0 Start inventory on

More information

and in each case give the range of values of x for which the expansion is valid.

and in each case give the range of values of x for which the expansion is valid. α β γ δ ε ζ η θ ι κ λ µ ν ξ ο π ρ σ τ υ ϕ χ ψ ω Mathematics is indeed dangerous in that it absorbs students to such a degree that it dulls their senses to everything else P Kraft Further Maths A (MFPD)

More information

European Lignite Mines Benchmarking. Sanitized Report

European Lignite Mines Benchmarking. Sanitized Report European Lignite Mines Benchmarking Sanitized Report European lignite industry, at a glance The global lignite production is approx. 1 billion metric tons for 2012 with major production coming from Europe,

More information

NOWCASTING REPORT. Updated: April 15, 2016

NOWCASTING REPORT. Updated: April 15, 2016 NOWCASTING REPORT Updated: April 15, 2016 GDP growth prospects remain moderate for the rst half of the year: the nowcasts stand at 0.8% for 2016:Q1 and 1.2% for 2016:Q2. News from this week's data releases

More information

Statistics on Pending Mutual Agreement Procedures (MAPs) under the Arbitration Convention at the End of 2015

Statistics on Pending Mutual Agreement Procedures (MAPs) under the Arbitration Convention at the End of 2015 EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Direct taxation, Tax Coordination, Economic Analysis and Evaluation Direct Tax Policy and Cooperation Brussels, October 2016 Taxud/D2

More information

Department of Economics, UCSB UC Santa Barbara

Department of Economics, UCSB UC Santa Barbara Department of Economics, UCSB UC Santa Barbara Title: Past trend versus future expectation: test of exchange rate volatility Author: Sengupta, Jati K., University of California, Santa Barbara Sfeir, Raymond,

More information

. α β γ δ ε ζ η θ ι κ λ μ Aμ ν(x) ξ ο π ρ ς σ τ υ φ χ ψ ω. Α Β Γ Δ Ε Ζ Η Θ Ι Κ Λ Μ Ν Ξ Ο Π Ρ Σ Τ Υ Φ Χ Ψ Ω. Friday April 1 ± ǁ

. α β γ δ ε ζ η θ ι κ λ μ Aμ ν(x) ξ ο π ρ ς σ τ υ φ χ ψ ω. Α Β Γ Δ Ε Ζ Η Θ Ι Κ Λ Μ Ν Ξ Ο Π Ρ Σ Τ Υ Φ Χ Ψ Ω. Friday April 1 ± ǁ . α β γ δ ε ζ η θ ι κ λ μ Aμ ν(x) ξ ο π ρ ς σ τ υ φ χ ψ ω. Α Β Γ Δ Ε Ζ Η Θ Ι Κ Λ Μ Ν Ξ Ο Π Ρ Σ Τ Υ Φ Χ Ψ Ω Friday April 1 ± ǁ 1 Chapter 5. Photons: Covariant Theory 5.1. The classical fields 5.2. Covariant

More information

Export Destinations and Input Prices. Appendix A

Export Destinations and Input Prices. Appendix A Export Destinations and Input Prices Paulo Bastos Joana Silva Eric Verhoogen Jan. 2016 Appendix A For Online Publication Figure A1. Real Exchange Rate, Selected Richer Export Destinations UK USA Sweden

More information

Symbols and dingbats. A 41 Α a 61 α À K cb ➋ à esc. Á g e7 á esc. Â e e5 â. Ã L cc ➌ ã esc ~ Ä esc : ä esc : Å esc * å esc *

Symbols and dingbats. A 41 Α a 61 α À K cb ➋ à esc. Á g e7 á esc. Â e e5 â. Ã L cc ➌ ã esc ~ Ä esc : ä esc : Å esc * å esc * Note: Although every effort ws tken to get complete nd ccurte tble, the uhtor cn not be held responsible for ny errors. Vrious sources hd to be consulted nd MIF hd to be exmined to get s much informtion

More information

Please note that all IEA data are subject to the following Terms and Conditions found on the IEA s website:

Please note that all IEA data are subject to the following Terms and Conditions found on the IEA s website: 2 - COAL INFORMATION: OVERVIEW (218 edition) The following analysis is an overview from the publication Coal Information 218. Please note that we strongly advise users to read definitions, detailed methodology

More information

Important Developments in International Coke Markets

Important Developments in International Coke Markets Important Developments in International Coke Markets Andrew Jones Resource-Net South Africa China Coke Market Congress Xuzhou, Jiangsu September 2018 Introduction to Presentation Resource-Net produces

More information

elgian energ imports are managed using forecasting software to increase overall network e 칁 cienc.

elgian energ imports are managed using forecasting software to increase overall network e 칁 cienc. Elia linemen install Ampacimon real time sensors that will communicate with the dynamic thermal ratings software to control energy import levels over this transmission line. OV RH AD TRAN MI ION D namic

More information

MIT PhD International Trade Lecture 15: Gravity Models (Theory)

MIT PhD International Trade Lecture 15: Gravity Models (Theory) 14.581 MIT PhD International Trade Lecture 15: Gravity Models (Theory) Dave Donaldson Spring 2011 Introduction to Gravity Models Recall that in this course we have so far seen a wide range of trade models:

More information

Economic and Social Council

Economic and Social Council United Nations Economic and Social Council Distr.: General 30 August 2012 Original: English Economic Commission for Europe Inland Transport Committee Working Party on Rail Transport Sixty-sixth session

More information

Overview of numbers submitted for Statistics on Pending Mutual Agreement Procedures (MAPs) under the Arbitration Convention (AC) at the End of 2017

Overview of numbers submitted for Statistics on Pending Mutual Agreement Procedures (MAPs) under the Arbitration Convention (AC) at the End of 2017 EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Direct taxation, Tax Coordination, Economic Analysis and Evaluation Direct Tax Policy & Cooperation Brussels, September 2018 Taxud/D2

More information

The Colonial Origins of French Trade Patterns

The Colonial Origins of French Trade Patterns The Colonial Origins of French Trade Patterns Tania Kallab Advisor: Cristina Terra 24 October, 2013 that I. Sommaire Research Question and Motivation Colonialism and Economic Performance (AJR 2001, Alam

More information

. α β γ δ ε ζ η θ ι κ λ μ Aμ ν(x) ξ ο π ρ ς σ τ υ φ χ ψ ω. Α Β Γ Δ Ε Ζ Η Θ Ι Κ Λ Μ Ν Ξ Ο Π Ρ Σ Τ Υ Φ Χ Ψ Ω. Wednesday March 30 ± ǁ

. α β γ δ ε ζ η θ ι κ λ μ Aμ ν(x) ξ ο π ρ ς σ τ υ φ χ ψ ω. Α Β Γ Δ Ε Ζ Η Θ Ι Κ Λ Μ Ν Ξ Ο Π Ρ Σ Τ Υ Φ Χ Ψ Ω. Wednesday March 30 ± ǁ . α β γ δ ε ζ η θ ι κ λ μ Aμ ν(x) ξ ο π ρ ς σ τ υ φ χ ψ ω. Α Β Γ Δ Ε Ζ Η Θ Ι Κ Λ Μ Ν Ξ Ο Π Ρ Σ Τ Υ Φ Χ Ψ Ω Wednesday March 30 ± ǁ 1 Chapter 5. Photons: Covariant Theory 5.1. The classical fields 5.2. Covariant

More information

NOWCASTING REPORT. Updated: May 20, 2016

NOWCASTING REPORT. Updated: May 20, 2016 NOWCASTING REPORT Updated: May 20, 2016 The FRBNY Staff Nowcast for GDP growth in 2016:Q2 is 1.7%, half a percentage point higher than last week. Positive news came from manufacturing and housing data

More information

JAPAN GCC TRADE DURING THE YEAR 2004 Record-high imports and exports:

JAPAN GCC TRADE DURING THE YEAR 2004 Record-high imports and exports: 1 JAPAN GCC TRADE DURING THE YEAR 2004 Record-high imports and exports: 80,000.00 60,000.00 40,000.00 20,000.00 0.00 Japan-GCC trade trend (value in US$ million) 2002 2003 2004 Total trade According to

More information

Strategic Interactions between Fiscal and Monetary Policies in a Monetary Union

Strategic Interactions between Fiscal and Monetary Policies in a Monetary Union Strategic Interactions between Fiscal and Monetary Policies in a Monetary Union Reinhard Neck Doris A. Behrens Preliminary Draft, not to be quoted January 2003 Corresponding Author s Address: Reinhard

More information

Problem Set 1: Tariffs and Quotas (Solutions) Universidad Carlos III de Madrid Economics of European Integration TA: Victor Troster Fall 2012

Problem Set 1: Tariffs and Quotas (Solutions) Universidad Carlos III de Madrid Economics of European Integration TA: Victor Troster Fall 2012 Problem Set 1: Tariffs and Quotas (Solutions) Universidad Carlos III de Madrid Economics of European Integration TA: Victor Troster Fall 2012 Problem 1 Suppose there are only two countries in the world

More information

EU JOINT TRANSFER PRICING FORUM

EU JOINT TRANSFER PRICING FORUM EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Direct taxation, Tax Coordination, Economic Analysis and Evaluation Company Taxation Initiatives Brussels, December 2013 Taxud/D1/ DOC:

More information

NOWCASTING REPORT. Updated: September 23, 2016

NOWCASTING REPORT. Updated: September 23, 2016 NOWCASTING REPORT Updated: September 23, 216 The FRBNY Staff Nowcast stands at 2.3% and 1.2% for 216:Q3 and 216:Q4, respectively. Negative news since the report was last published two weeks ago pushed

More information

Review of Coal Railings Forecast

Review of Coal Railings Forecast Review of Coal Railings Forecast Prepared For the Queensland Competition Authority October 2008 Review of Coal Railings Forecast Barlow Jonker (BJ), a Wood Mackenzie company, has been commissioned by QCA

More information

Granger Causality and Dynamic Structural Systems 1

Granger Causality and Dynamic Structural Systems 1 Granger Causality and Dynamic Structural Systems 1 Halbert White and Xun Lu Department of Economics, University of California, San Diego December 10, 2009 1 forthcoming, Journal of Financial Econometrics

More information

Publication Date: 15 Jan 2015 Effective Date: 12 Jan 2015 Addendum 6 to the CRI Technical Report (Version: 2014, Update 1)

Publication Date: 15 Jan 2015 Effective Date: 12 Jan 2015 Addendum 6 to the CRI Technical Report (Version: 2014, Update 1) Publication Date: 15 Jan 2015 Effective Date: 12 Jan 2015 This document updates the Technical Report (Version: 2014, Update 1) and details (1) Replacement of interest rates, (2) CRI coverage expansion,

More information

Structural Change, Demographic Transition and Fertility Di erence

Structural Change, Demographic Transition and Fertility Di erence Structural Change, Demographic Transition and Fertility Di erence T. Terry Cheung February 14, 2017 T. Terry Cheung () Structural Change and Fertility February 14, 2017 1 / 35 Question Question: The force

More information

NOWCASTING REPORT. Updated: October 21, 2016

NOWCASTING REPORT. Updated: October 21, 2016 NOWCASTING REPORT Updated: October 21, 216 The FRBNY Staff Nowcast stands at 2.2% for 216:Q3 and 1.4% for 216:Q4. Overall this week s news had a negative effect on the nowcast. The most notable developments

More information

Macroeconomics Theory II

Macroeconomics Theory II Macroeconomics Theory II Francesco Franco Nova SBE March 9, 216 Francesco Franco Macroeconomics Theory II 1/29 The Open Economy Two main paradigms Small Open Economy: the economy trades with the ROW but

More information

A Markov system analysis application on labour market dynamics: The case of Greece

A Markov system analysis application on labour market dynamics: The case of Greece + A Markov system analysis application on labour market dynamics: The case of Greece Maria Symeonaki Glykeria Stamatopoulou This project has received funding from the European Union s Horizon 2020 research

More information

Chapter 5. Transmission networks and electricity markets

Chapter 5. Transmission networks and electricity markets Chapter 5. Transmission networks and electricity markets 1 Introduction In most of the regions of the world: assumptions that electrical energy can be traded as if all generators were connected to the

More information

Markov Perfect Equilibria in the Ramsey Model

Markov Perfect Equilibria in the Ramsey Model Markov Perfect Equilibria in the Ramsey Model Paul Pichler and Gerhard Sorger This Version: February 2006 Abstract We study the Ramsey (1928) model under the assumption that households act strategically.

More information

Business Cycle Dating Committee of the Centre for Economic Policy Research. 1. The CEPR Business Cycle Dating Committee

Business Cycle Dating Committee of the Centre for Economic Policy Research. 1. The CEPR Business Cycle Dating Committee Business Cycle Dating Committee of the Centre for Economic Policy Research Michael Artis Fabio Canova Jordi Gali Francesco Giavazzi Richard Portes (President, CEPR) Lucrezia Reichlin (Chair) Harald Uhlig

More information

Allianz Thailand Equity

Allianz Thailand Equity Allianz Thailand Equity In the six month period ending 31 March 2016 ( the period ), market conditions were highly volatile. The SET index declined sharply from mid-october 2015 to early January 2016,

More information

Purchasing Power Parity and the European Single Currency: Some New Evidence

Purchasing Power Parity and the European Single Currency: Some New Evidence Christidou-Panagiotidis, 309-323 Purchasing Power Parity and the European Single Currency: Some New Evidence Maria Christidou Theodore Panagiotidis Abstract The effect of the single currency on the Purchasing

More information

Essential Maths Skills. for AS/A-level. Geography. Helen Harris. Series Editor Heather Davis Educational Consultant with Cornwall Learning

Essential Maths Skills. for AS/A-level. Geography. Helen Harris. Series Editor Heather Davis Educational Consultant with Cornwall Learning Essential Maths Skills for AS/A-level Geography Helen Harris Series Editor Heather Davis Educational Consultant with Cornwall Learning Contents Introduction... 5 1 Understanding data Nominal, ordinal and

More information

= observed volume on day l for bin j = base volume in jth bin, and = residual error, assumed independent with mean zero.

= observed volume on day l for bin j = base volume in jth bin, and = residual error, assumed independent with mean zero. QB research September 4, 06 Page -Minute Bin Volume Forecast Model Overview In response to strong client demand, Quantitative Brokers (QB) has developed a new algorithm called Closer that specifically

More information

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing April 10, 2013

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing April 10, 2013 World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing World Wheat Production Country or Region estimate 2012/13 previous month Million Tons Percent Percent

More information

Economics th April 2011

Economics th April 2011 Economics 401 8th April 2011 Instructions: Answer 7 of the following 9 questions. All questions are of equal weight. Indicate clearly on the first page which questions you want marked. 1. Answer both parts.

More information

The Real Business Cycle Model

The Real Business Cycle Model The Real Business Cycle Model Macroeconomics II 2 The real business cycle model. Introduction This model explains the comovements in the fluctuations of aggregate economic variables around their trend.

More information

Light rain showers to rain showers forecast for most of the selected parts of the country.

Light rain showers to rain showers forecast for most of the selected parts of the country. 28 th March, 2017 Vol.4. No.6 Light rain showers to rain showers forecast for most of the selected parts of the country. South African corn prices to tumble, as harvest nears. CBOT May soybeans prices

More information

World Industrial Regions

World Industrial Regions World Industrial Regions North America Industrialized areas in North America Changing distribution of U.S. manufacturing Europe Western Europe Eastern Europe East Asia Manufacturing Regions Fig. 11-3:

More information

HOG PRICE FORECAST ERRORS IN THE LAST 10 AND 15 YEARS: UNIVERSITY, FUTURES AND SEASONAL INDEX

HOG PRICE FORECAST ERRORS IN THE LAST 10 AND 15 YEARS: UNIVERSITY, FUTURES AND SEASONAL INDEX HOG PRICE FORECAST ERRORS IN THE LAST 10 AND 15 YEARS: UNIVERSITY, FUTURES AND SEASONAL INDEX One of the main goals of livestock price forecasts is to reduce the risk associated with decisions that producers

More information

GOLD: It s About Time (and Other Things) December 4, 2018

GOLD: It s About Time (and Other Things) December 4, 2018 GOLD: It s About Time (and Other Things) December 4, 2018 Gold may not have made our list last week of markets displaying strong or weak long term momentum but it is definitely starting to show other reasons

More information

Coal Case Study. Information supplied by McCloskey Group

Coal Case Study. Information supplied by McCloskey Group Mining, Minerals and Sustainable Development April 2002 No. 66 Information supplied by McCloskey Group This report was commissioned by the MMSD project of IIED. It remains the sole responsibility of the

More information

Statistics on Pending Mutual Agreement Procedures (MAPs) under the Arbitration Convention at the End of 2014

Statistics on Pending Mutual Agreement Procedures (MAPs) under the Arbitration Convention at the End of 2014 EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Direct taxation, Tax Coordination, Economic Analysis and Evaluation Direct Tax Policy and Cooperation Brussels, October 2015 Taxud/D2

More information

Mixed polymer bottles, clear and coloured PET bottle prices all rose by about 5 per tonne. Natural HDPE prices went up by 10 per tonne.

Mixed polymer bottles, clear and coloured PET bottle prices all rose by about 5 per tonne. Natural HDPE prices went up by 10 per tonne. Materials Pricing Report 9 January 217 MARKET OVERVIEW OIN and export mixed paper and board prices both fell by 5 per tonne. polymer bottles, clear and coloured PET bottle prices all rose by about 5 per

More information

Directorate C: National Accounts, Prices and Key Indicators Unit C.3: Statistics for administrative purposes

Directorate C: National Accounts, Prices and Key Indicators Unit C.3: Statistics for administrative purposes EUROPEAN COMMISSION EUROSTAT Directorate C: National Accounts, Prices and Key Indicators Unit C.3: Statistics for administrative purposes Luxembourg, 17 th November 2017 Doc. A6465/18/04 version 1.2 Meeting

More information

b e i ga set s oane f dast heco mm on n va ns ing lo c u soft w section

b e i ga set s oane f dast heco mm on n va ns ing lo c u soft w section 66 M M Eq: 66 - -I M - - - -- -- - - - - -- - S I T - I S W q - I S T q ] q T G S W q I ] T G ˆ Gα ˆ ˆ ] H Z ˆ T α 6H ; Z - S G W [6 S q W F G S W F S W S W T - I ] T ˆ T κ G Gα ±G κ α G ˆ + G > H O T

More information

An Empirical Analysis of RMB Exchange Rate changes impact on PPI of China

An Empirical Analysis of RMB Exchange Rate changes impact on PPI of China 2nd International Conference on Economics, Management Engineering and Education Technology (ICEMEET 206) An Empirical Analysis of RMB Exchange Rate changes impact on PPI of China Chao Li, a and Yonghua

More information

Global Value Chain Participation and Current Account Imbalances

Global Value Chain Participation and Current Account Imbalances Global Value Chain Participation and Current Account Imbalances Johannes Brumm University of Zurich Georgios Georgiadis European Central Bank Johannes Gräb European Central Bank Fabian Trottner Princeton

More information

Prices and Exchange Rates: A Theory of Disconnect

Prices and Exchange Rates: A Theory of Disconnect Prices and Exchange Rates: A Theory of isconnect Jose Antonio Rodriguez-Lopez September 2010 Appendix B Online) B.1 The Model with CES Preferences The purpose of this section is to show the similarities

More information

Corn Basis Information By Tennessee Crop Reporting District

Corn Basis Information By Tennessee Crop Reporting District UT EXTENSION THE UNIVERSITY OF TENNESSEE INSTITUTE OF AGRICULTURE AE 05-13 Corn Basis Information By Tennessee Crop Reporting District 1994-2003 Delton C. Gerloff, Professor The University of Tennessee

More information

Advanced Economic Growth: Lecture 8, Technology Di usion, Trade and Interdependencies: Di usion of Technology

Advanced Economic Growth: Lecture 8, Technology Di usion, Trade and Interdependencies: Di usion of Technology Advanced Economic Growth: Lecture 8, Technology Di usion, Trade and Interdependencies: Di usion of Technology Daron Acemoglu MIT October 3, 2007 Daron Acemoglu (MIT) Advanced Growth Lecture 8 October 3,

More information

Mathematics Review Exercises. (answers at end)

Mathematics Review Exercises. (answers at end) Brock University Physics 1P21/1P91 Mathematics Review Exercises (answers at end) Work each exercise without using a calculator. 1. Express each number in scientific notation. (a) 437.1 (b) 563, 000 (c)

More information

DAILY MARKET REPORT 24 JANUARY 2018

DAILY MARKET REPORT 24 JANUARY 2018 DAILY MARKET REPORT 24 JANUARY 2018 Unigrain (Pty) Ltd Tel. No. : +27 11 692 4400 Fax. No. : +27 11 412 1183 Economic Indicators Quote at 12h00 previous day Current quote Change % Change Rand/Dollar 12.06

More information

Weather Company Energy and Power Products

Weather Company Energy and Power Products Service Weather Company Energy and Power Products This Service (SD) describes the Cloud Service IBM provides to Client. Client means the company and its authorized users and recipients of the Cloud Service.

More information

Seasonal Hazard Outlook

Seasonal Hazard Outlook Winter 2016-2017 Current as of: October 21 Scheduled Update: December 614-799-6500 emawatch@dps.ohio.gov Overview Executive Summary Seasonal Forecast Heating Fuel Supply Winter Driving Preparedness Scheduled

More information

TA session# 8. Jun Sakamoto November 29, Empirical study Empirical study Empirical study 3 3

TA session# 8. Jun Sakamoto November 29, Empirical study Empirical study Empirical study 3 3 TA session# 8 Jun Sakamoto November 29,2018 Contents 1 Empirical study 1 1 2 Empirical study 2 2 3 Empirical study 3 3 4 Empirical study 4 4 We will look at some empirical studies for panel data analysis.

More information

APPLYING BORDA COUNT METHOD FOR DETERMINING THE BEST WEEE MANAGEMENT IN EUROPE. Maria-Loredana POPESCU 1

APPLYING BORDA COUNT METHOD FOR DETERMINING THE BEST WEEE MANAGEMENT IN EUROPE. Maria-Loredana POPESCU 1 APPLYING BORDA COUNT METHOD FOR DETERMINING THE BEST MANAGEMENT IN EUROPE Maria-Loredana POPESCU 1 ABSTRACT This article presents the Borda Count method and its application for ranking the regarding the

More information

Normal to heavy rain forecast for most of the selected parts of the country. Europe s wheat reserves shrinking to lowest in more than a decade.

Normal to heavy rain forecast for most of the selected parts of the country. Europe s wheat reserves shrinking to lowest in more than a decade. 18 th April, 2017 Vol.4. No.8 Normal to heavy rain forecast for most of the selected parts of the country. Kenyan millers refuse to bring down mealie meal cost despite tax relief. Europe s wheat reserves

More information

Web Appendix for Heterogeneous Firms and Trade (Not for Publication)

Web Appendix for Heterogeneous Firms and Trade (Not for Publication) Web Appendix for Heterogeneous Firms and Trade Not for Publication Marc J. Melitz Harvard University, NBER and CEPR Stephen J. Redding Princeton University, NBER and CEPR December 17, 2012 1 Introduction

More information

Least angle regression for time series forecasting with many predictors. Sarah Gelper & Christophe Croux Faculty of Business and Economics K.U.

Least angle regression for time series forecasting with many predictors. Sarah Gelper & Christophe Croux Faculty of Business and Economics K.U. Least angle regression for time series forecasting with many predictors Sarah Gelper & Christophe Croux Faculty of Business and Economics K.U.Leuven I ve got all these variables, but I don t know which

More information

Importing Skill-Biased Technology

Importing Skill-Biased Technology Importing Skill-Biased Technology Ariel Burstein Javier Cravino Jonathan Vogel January 2012 Intro Motivation Observations Capital equipment (e.g. computers and industrial machinery): Implication embodies

More information

3. If a forecast is too high when compared to an actual outcome, will that forecast error be positive or negative?

3. If a forecast is too high when compared to an actual outcome, will that forecast error be positive or negative? 1. Does a moving average forecast become more or less responsive to changes in a data series when more data points are included in the average? 2. Does an exponential smoothing forecast become more or

More information

Monitoring Euro Area Real Exchange Rates

Monitoring Euro Area Real Exchange Rates Monitoring Euro Area Real Exchange Rates Philipp Aschersleben, Martin Wagner and Dominik Wied Abstract We apply the stationarity and cointegration monitoring procedure of Wagner and Wied (2014) to the

More information

OCTOBER Almond Industry Position Report Crop Year /01-10/31 Kernel Wt /01-10/31 Kernel Wt.

OCTOBER Almond Industry Position Report Crop Year /01-10/31 Kernel Wt /01-10/31 Kernel Wt. Almond Industry Position Report OCTOBER 2018 2018-2019 Crop Year Salable Forecast Million Lbs. 2018-2019 08/01-10/31 Kernel Wt. 2017-2018 08/01-10/31 Kernel Wt. % Change 1. Carryin August 1, 2018 359.0

More information

B Search and Rest Unemployment Fernando Alvarez and Robert Shimer Additional Appendixes not for Publication

B Search and Rest Unemployment Fernando Alvarez and Robert Shimer Additional Appendixes not for Publication B Search and Rest Unemployment Fernando Alvarez and Robert Shimer Additional Appendixes not for Publication B.1 Derivation Hamilton-Jacobi-Bellman This appendix proves that if v() is given by: v() = R(

More information

NOWCASTING REPORT. Updated: May 5, 2017

NOWCASTING REPORT. Updated: May 5, 2017 NOWCASTING REPORT Updated: May 5, 217 The FRBNY Staff Nowcast stands at 1.8% for 217:Q2. News from this week s data releases reduced the nowcast for Q2 by percentage point. Negative surprises from the

More information

Introduction to Modern Time Series Analysis

Introduction to Modern Time Series Analysis Introduction to Modern Time Series Analysis Gebhard Kirchgässner, Jürgen Wolters and Uwe Hassler Second Edition Springer 3 Teaching Material The following figures and tables are from the above book. They

More information

CEMMAP Masterclass: Empirical Models of Comparative Advantage and the Gains from Trade 1 Lecture 3: Gravity Models

CEMMAP Masterclass: Empirical Models of Comparative Advantage and the Gains from Trade 1 Lecture 3: Gravity Models CEMMAP Masterclass: Empirical Models of Comparative Advantage and the Gains from Trade 1 Lecture 3: Gravity Models Dave Donaldson (MIT) CEMMAP MC July 2018 1 All material based on earlier courses taught

More information

Composition of capital ES060 ES060 POWSZECHNAES060 BANCO BILBAO VIZCAYA ARGENTARIA S.A. (BBVA)

Composition of capital ES060 ES060 POWSZECHNAES060 BANCO BILBAO VIZCAYA ARGENTARIA S.A. (BBVA) Composition of capital POWSZECHNA (in million Euro) Capital position CRD3 rules A) Common equity before deductions (Original own funds without hybrid instruments and government support measures other than

More information

Composition of capital DE025

Composition of capital DE025 Composition of capital POWSZECHNA (in million Euro) Capital position CRD3 rules A) Common equity before deductions (Original own funds without hybrid instruments and government support measures other than

More information

Composition of capital CY007 CY007 POWSZECHNACY007 BANK OF CYPRUS PUBLIC CO LTD

Composition of capital CY007 CY007 POWSZECHNACY007 BANK OF CYPRUS PUBLIC CO LTD Composition of capital POWSZECHNA (in million Euro) Capital position CRD3 rules A) Common equity before deductions (Original own funds without hybrid instruments and government support measures other than

More information

Composition of capital DE017 DE017 POWSZECHNADE017 DEUTSCHE BANK AG

Composition of capital DE017 DE017 POWSZECHNADE017 DEUTSCHE BANK AG Composition of capital POWSZECHNA (in million Euro) Capital position CRD3 rules A) Common equity before deductions (Original own funds without hybrid instruments and government support measures other than

More information

Composition of capital NO051

Composition of capital NO051 Composition of capital POWSZECHNA (in million Euro) Capital position CRD3 rules A) Common equity before deductions (Original own funds without hybrid instruments and government support measures other than

More information

Composition of capital FR013

Composition of capital FR013 Composition of capital POWSZECHNA (in million Euro) Capital position CRD3 rules A) Common equity before deductions (Original own funds without hybrid instruments and government support measures other than

More information

Composition of capital DE028 DE028 POWSZECHNADE028 DekaBank Deutsche Girozentrale, Frankfurt

Composition of capital DE028 DE028 POWSZECHNADE028 DekaBank Deutsche Girozentrale, Frankfurt Composition of capital POWSZECHNA (in million Euro) Capital position CRD3 rules A) Common equity before deductions (Original own funds without hybrid instruments and government support measures other than

More information

Composition of capital LU045 LU045 POWSZECHNALU045 BANQUE ET CAISSE D'EPARGNE DE L'ETAT

Composition of capital LU045 LU045 POWSZECHNALU045 BANQUE ET CAISSE D'EPARGNE DE L'ETAT Composition of capital POWSZECHNA (in million Euro) Capital position CRD3 rules A) Common equity before deductions (Original own funds without hybrid instruments and government support measures other than

More information

Composition of capital CY006 CY006 POWSZECHNACY006 CYPRUS POPULAR BANK PUBLIC CO LTD

Composition of capital CY006 CY006 POWSZECHNACY006 CYPRUS POPULAR BANK PUBLIC CO LTD Composition of capital POWSZECHNA (in million Euro) Capital position CRD3 rules A) Common equity before deductions (Original own funds without hybrid instruments and government support measures other than

More information

Composition of capital FR015

Composition of capital FR015 Composition of capital POWSZECHNA (in million Euro) Capital position CRD3 rules A) Common equity before deductions (Original own funds without hybrid instruments and government support measures other than

More information

Composition of capital ES059

Composition of capital ES059 Composition of capital POWSZECHNA (in million Euro) Capital position CRD3 rules A) Common equity before deductions (Original own funds without hybrid instruments and government support measures other than

More information

The trade dispute between the US and China Who wins? Who loses?

The trade dispute between the US and China Who wins? Who loses? 1 Munich, Jan 10 th, 2019 The trade dispute between the US and China Who wins? Who loses? by Gabriel Felbermayr and Marina Steininger This report offers a brief, quantitative analysis of the potential

More information

D D Matyanga Mineral Economist and Technical Advisor

D D Matyanga Mineral Economist and Technical Advisor D D Matyanga Mineral Economist and Technical Advisor } Coal resources in Zimbabwe } Coal production historical perspective } Future of coal production } Significance of coal to the Economy Employment Exports

More information

Executive Committee and Officers ( )

Executive Committee and Officers ( ) Gifted and Talented International V o l u m e 2 4, N u m b e r 2, D e c e m b e r, 2 0 0 9. G i f t e d a n d T a l e n t e d I n t e r n a t i o n a2 l 4 ( 2), D e c e m b e r, 2 0 0 9. 1 T h e W o r

More information

Virginia Basis Tables for Corn, Soybeans, and Wheat

Virginia Basis Tables for Corn, Soybeans, and Wheat VIRGINIA POL VTECHNIC INSTn U 11~. UNIVERSITY LIBRARIES Agricultural and Applied Economics Virginia Basis Tables for Corn, Soybeans, and Wheat David E. Kenyon* Introduction Futures prices determined at

More information

Quantifying the Losses from International Trade

Quantifying the Losses from International Trade Quantifying the Losses from International Trade Spencer Lyon NYU Michael E. Waugh NYU and NBER June 23, 2017 0/23 Big Picture: The Backlash Against Trade Hard to deny that the benefits of globalization

More information

Lecture 9: Location Effects, Economic Geography and Regional Policy

Lecture 9: Location Effects, Economic Geography and Regional Policy Lecture 9: Location Effects, Economic Geography and Regional Policy G. Di Bartolomeo Index, EU-25 = 100 < 30 30-50 50-75 75-100 100-125 >= 125 Canarias (E) Guadeloupe Martinique RÈunion (F) (F) (F) Guyane

More information

The Bootstrap: Theory and Applications. Biing-Shen Kuo National Chengchi University

The Bootstrap: Theory and Applications. Biing-Shen Kuo National Chengchi University The Bootstrap: Theory and Applications Biing-Shen Kuo National Chengchi University Motivation: Poor Asymptotic Approximation Most of statistical inference relies on asymptotic theory. Motivation: Poor

More information

EUROSTAT - OECD PPP PROGRAMME 1999 THE CALCULATION AND AGGREGATION OF PARITIES

EUROSTAT - OECD PPP PROGRAMME 1999 THE CALCULATION AND AGGREGATION OF PARITIES EUROSTAT - OECD PPP PROGRAMME 1999 THE CALCULATION AND AGGREGATION OF PARITIES INTRODUCTION The calculation and aggregation of parities requires from each country participating in a comparison, either

More information