Leaning against the wind‚ but how? Monetary policy versus macro-prudential measures F Gulcin Ozkan University of York and Filiz Unsal IMF 19 September 2012 () Leaning against the wind‚ but how? Monetary policy versus September 2012 measures 19 macro-prudential 1 / 28 Plan of the talk Motivation - ’ lean versus clean’debate prior to and in the aftermath of the 2008-2009 global …nancial crisis (GFC) An overview of how our basic model works Basic model Simulation Results Welfare analysis
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substitutes. Explain the effect of a fall in price of Y on the demand for X. [3] 7. At a price of Rs. 5 per unit of a commodity A‚ total revenue is Rs 800. When its price rises by 20%‚ total revenue increases by Rs. 400. Calculate its rice elasticity of demand [3] 8. Explain the implication of freedom to entry and exit of firms under perfect competition [3] 9. Given below is the cost schedule of a firm. Its average fixed cost is Rs 20 When it is producing 3 units. |Output
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force is experienced by the trucks. Depending on this bending the stress would be analyzed at the trucks. And then finally come up with the best position to minimize speed wobbles and accidents. The Deck is made of maple wood with a modulus of elasticity of 1290 Kg/mm2. The length of the deck is 31.75 inches. The width of the board is 7.87 inches. The thickness of the deck is negligible when compared to its length hence it could be neglected. The trucks are made of aluminium with a Youngs modulus
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mp EN1029 Laboratory: Compression Tests Objective To plot stress-strain relationships for steel and concrete when tested in compression. Equipment to be used Avery Testing Machine & Compression Press Experiment instructions You will be supplied with two “identical” steel cylinders (specimens A & B)‚ three “identical” concrete prisms and three “identical” concrete cubes. Measure the specimens and draw dimensioned sketches of the specimens. One of the steel specimens‚ A‚ will have electrical
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4. 1) Labor demand is more elastic the greater the elasticity of demand for the output. When the wage rises‚ the marginal cost of production increases. A wage increase‚ therefore‚ raises the industry’s price and reduces consumers’ demand for the product. Because less output is being sold‚ firms cut employment. The greater the reduction is consumer demand‚ the larger the cut in employment and the more elastic the industry’s labor demand curve. Unions want to limit the availability of goods that compete
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segments has a different elasticity of demand and subsequently is charged a different price. Arbitrage must be prevented for this type of discrimination to be applicable. Profits are maximized by equating the marginal revenue from the two consumers for the same marginal cost. Indirect price discrimination arises when a seller cannot observe the buyers characteristics‚ and hence cannot determine the optimal price to charge the buyer relevant to their demand elasticity. The seller offers different
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Material testing I. Topic: Tension testing 2.What is tension test? Tension test is a fundamental material science test in which a sample is subjected to uniaxial tension until failure. The results from the test are commonly used to select a material for an application‚ for quality control‚ and to predict how a material will react under other types of forces. Properties that are directly measured via a tensile test are ultimate tensile strength‚ maximum elongation and reduction in area. From
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failures. Suranaree University of Technology Tapany Udomphol May-Aug 2007 Introduction • Torsion test is not widely accepted as much as tensile test. • Torsion tests are made on materials to determine such properties as the modulus of elasticity in shear‚ the torsion yield strength and the modulus of rupture. • Often used for testing brittle materials and can be tested in full-sized parts‚ i.e.‚ shafts‚ axles and twist drills which are subjected to torsional loading in service. Suranaree
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Quiz 10 A pure monopolist is selling 6 units at a price of $12. If the marginal revenue of the seventh unit is $5‚ then: [pic] |[pic] |firm’s demand curve is perfectly elastic. | |[pic] |price of the seventh unit is $10. | |[pic] |price of the seventh unit is greater than $12.
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than other types of stress - like tension‚ compression etc. In this laboratory‚ we will be determining the Modulus of Elasticity E (also called Young’s Modulus) of the various materials and using Solid Edge to determine the Second Moment of Area for the different cross-sections. [pic] Equations Use units: Force (N)‚ Length (mm)‚ Stress (MPa) E = Young’s Modulus or Mod of Elasticity (MPa) I = 2nd Moment of Area or Area Moment (mm4). Can calculate using SolidEdge sketch. BENDING [pic] In our
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