212 resultados para devaluation
Resumo:
This research program focused on perceptions of the appraisals and emotions involved in hurtful events in couple relationships. Study I tested the broad proposition that hurt feelings are elicited by relational transgressions that generally imply relational devaluation and that evoke a sense of personal injury by threatening positive mental models of self and/or others. Participants (N = 224) provided retrospective accounts of an experience of being hurt by a romantic partner. These accounts, together with expert judges' ratings, showed that most hurtful events involved relational transgressions that signal both relational devaluation and threat to positive mental models; however, relational devaluation was relatively unimportant in explaining the hurt associated with partners' distrust. A sense of injury emerged as the dominant theme in open-ended accounts of emotional reactions; however, other negative emotions also featured and were related to the type of event reported. The emotion terms generated in Study I were used as stimuli in a word-sorting task (Study 2). This study confirmed that many of the terms were perceived specifically as injury related, and shed further light on the link between appraisals and emotions. Theoretical and practical implications of the findings are discussed.
Resumo:
A pesquisa realizada entre pastores pertencentes à Igreja Presbiteriana do Brasil (IPB) na cidade de São Paulo mostra que o pastor presbiteriano perdeu o privilegiado status de que gozava até o final da primeira metade do século XX. Longe se vão os dias em que o pastor era um profissional cuja ocupação era respeitada e valorizada e a carreira pastoral era vista como um caminho seguro para a ascensão social de muitos jovens, especialmente os oriundos de cidades pequenas e do mundo rural. Principalmente após os anos 50, mudanças de várias ordens ocorreram, alterando a antiga situação. O processo de secula rização e a conseqüente desvalorização das instituições religiosas tradicionais afetaram diretamente o pastor presbiteriano. Desde então, ganhou força a indagação: Para que serve o pastor? Por sua vez, o campo religioso brasileiro, particularmente nos últimos 25 anos do século XX, assistiu à irrupção de novos movimentos religiosos, aumentando então a competitividade. Surgiram, por exemplo, movimentos e igrejas neopentecostais lideradas por um novo tipo de pastor, que age conforme outros scripts, assumindo papéis mais adequados às regras de uma sociedade midiática. Nesse novo contexto, o pastor presbiteriano reagiu com perplexidade e foi buscar formas de recuperar o prestígio perdido. Um dos caminhos encontrados foi a profissionalização do papel de pastor, que assim se tornou um especialista em assistência social, ensino ou aconselhamento, estratégia aliás bastante valorizada na sociedade contemporânea. Entretanto, teológica e ideologicamente, esse especialista religioso continua se legitimando como um pastor ortodoxo e conservador, já que esse é o papel a ele atribuído na organização religiosa à qual pertence, a condição sine qua non para que ele siga desenvolvendo a sua carreira como pastor da IPB.
Resumo:
Esta pesquisa, por meio dos referenciais privilegiados e pesquisa de campo, busca compreender e explicitar se existem ou não afastamentos de docentes com doenças de origem psíquica, de suas funções (readaptações) por motivos não meramente fisiológicos, mas que guardem natureza social, ou seja, se há uma causa social que provoque tal fenômeno no sistema educacional. Investiga também, se o docente tem consciência crítica dessas possíveis causas e como se constitui sua identidade após a readaptação. As mudanças sociais e econômicas ocorridas nas últimas décadas devido às crises e sucessivas reestruturações do capitalismo influenciaram o contexto educacional, bem como as condições de trabalho docente, repercutindo na saúde física e psicológica dos professores, por meio de um panorama das atuais condições de trabalho e saúde dos professores, decorrentes do processo de flexibilização e precarização das relações de trabalho na área educacional. Procurou-se explicar, tendo como referencial teórico Sennett (2001) e Esteve (1999), entre outros autores, a nova realidade do trabalho e do mal-estar docente vivenciados nas instituições escolares. A pesquisa de campo denota a trajetória dos docentes readaptados, desde suas condições de trabalho que perpassa pelas dificuldades, entraves, mal-estar até o momento do adoecimento e, finalmente, a situação de readaptado. Os problemas vivenciados pelos docentes readaptados impactam sua identidade profissional, pois os docentes são marcados por estigma, discriminação, sentimentos de autoculpabilização, desvalorização social, o que prejudica sua qualidade de vida e relações interpessoais, tanto no trabalho como na família. A pesquisa aponta que o adoecimento psíquico atinge seriamente o profissional docente. Essa situação é grave na rede estadual de ensino paulista e demonstra que é importante reconhecer a necessidade de políticas públicas e educacionais que valorizem a docência e a saúde dessa categoria profissional.
Resumo:
O estudo sociopolítico aqui contido analisa a ausência da participação dos professores do ensino público da rede estadual de São Paulo nos movimentos sindicais, a partir da década de 2000. À desvalorização da carreira e os baixos salários continuam sendo queixas semelhantes ao passado; o que difere é que não há mais movimento como no passado. Para pesquisar tal inércia partimos da observação da participação dos professores nos movimentos sindicais a partir de 1980 até 2009 e dividimos em dois períodos: o primeiro período, que vai de 1980 a 1989 e 1990 a 1999, (porque neles, ocorreram as maiores movimentações da categoria), e um segundo período que vai de 2000 a 2009 (onde se observa claramente o declínio de tais movimentos). O objetivo dessa pesquisa é responder por que o professor atualmente não participa mais dos movimentos sindicais e o que provoca a ausência dos professores nos movimentos da categoria. Faremos a pesquisa com duas gerações de professores distintas: uma geração que vivenciou os movimentos da categoria nas décadas de 1980 e 1990, e que ainda está ativa na rede pública, e outra geração de jovens professores que ingressaram a partir de 2000. A hipótese aqui levantada é a de que as diferenças da origem de classe social dos professores, a formação política e a formação universitária dentro dos moldes neoliberais e a política neoliberal adotada para a educação pública do Estado de São Paulo, foram os fatores que influenciaram o nível de participação dos docentes em movimentos sindicais, gerando diferenças de comportamento reivindicatório entre as gerações. A pesquisa não tem por objetivo a análise das entidades sindicais e sim do pensamento e sentimento dos elementos que compõem esses sindicatos e formam a alma dos movimentos: os professores.
Resumo:
In January 2001 Greece joined the eurozone. The aim of this article is to examine whether an intention to join the eurozone had any impact on exchange rate volatility. We apply the Iterated Cumulative Sum of Squares (ICSS) algorithm of Inclan and Tiao (1994) to a set of Greek drachma exchange rate changes. We find evidence to suggest that the unconditional volatility of the drachma exchange rate against the dollar, British pound, yen, German mark and ECU/Euro was nonstationary, exhibiting a large number of volatility changes prior to European Monetary Union (EMU) membership. We then use a news archive service to identify the events that might have caused exchange rate volatility to shift. We find that devaluation of the drachma increased exchange rate volatility but ERM membership and a commitment to joining the eurozone led to lower volatility. Our findings therefore suggest that a strong commitment to join the eurozone may be sufficient to reduce some exchange rate volatility which has implications for countries intending to join the eurozone in the future.
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In this study we investigate whether there exists a relationship between the exchange rate and the trade balance using bilateral data for the Mauritius/UK trade. We also investigate whether following depreciation or a devaluation the trade balance initially worsens due to contractual agreements and subsequently improves when new contracts for international trade are signed. Using a variety of econometric techniques we are able to establish that there exists a long-run relationship between the trade balance and the real exchange rate. The existence of such a relationship signifies that the authorities would be able to use the exchange rate to steer the trade balance. We also find following a depreciation or devaluation the trade balance initially worsens due to contractual agreements but the trade balance subsequently improves when new contracts are signed. This signifies that if the authorities want to devalue their currency to improve the trade balance, the desired effect does not occur immediately but it occurs with a lag, in this particular case after approximately a year.
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The extraordinary growth of the Irish economy since the mid-1990s - the 'Celtic Tiger' - has attracted a great deal of interest, commentary and research. Indeed, many countries look to Ireland as an economic development role model, and it has been suggested that Ireland might provide key lessons for other EU members as they seek to achieve the objectives set out in the Lisbon Agenda. Much of the discussion of Ireland's growth has focused on its possible triggers: the long term consequences of the late 1980s fiscal stabilisation; EU structural funds; education; wage moderation; and devaluation of the Irish punt. The industrial policy perspective has highlighted the importance of inflows of foreign direct investment, but a notable absence from the discourse on the 'Celtic Tiger' has been any mention of the role of new business venture creation and entrepreneurship. In this paper we use unpublished Irish VAT data for the years 1988 to 2004 to provide the first detailed look at national trends in business birth and death rates in Ireland over the 'take-off' period. We also use sub-national VAT data to shed light on spatial trends in new venture creation. Our overall conclusions are that new business formation made no detectable contribution to the acceleration of Ireland's growth in the late 1990s, although we do find evidence of spatial convergence in per capita business stocks.
Resumo:
The extraordinary growth of the Irish economy since the mid-1990s—the ‘Celtic Tiger’—has attracted a great deal of interest, commentary and research. Indeed, many countries look to Ireland as an economic development role model, and it has been suggested that Ireland might provide key lessons for other EU members as they seek to achieve the objectives set out in the Lisbon Agenda. Much of the discussion of Ireland’s growth has focused on its possible triggers: the long-term consequences of the late 1980s fiscal stabilisation, EU structural funds, education, wage moderation and devaluation of the Irish punt. The industrial policy perspective has highlighted the importance of inflows of foreign direct investment, but a notable absence from the discourse on the ‘Celtic Tiger’ has been any mention of the role of new business venture creation and entrepreneurship. In this paper we use unpublished Irish VAT data for the years 1988–2004 to provide the first detailed look at national trends in business birth and death rates in Ireland over the ‘take-off’ period. We also use sub-national VAT data to shed light on spatial trends in new venture creation. Our overall conclusions are that new business formation made no detectable contribution to the acceleration of Ireland’s growth in the late 1990s, although we do find evidence of spatial convergence in per capita business stocks.
Resumo:
Complex abstract images that are ignored in a simple localization task are subsequently judged more negatively in an emotional evaluation task than previously unseen or attended images, suggesting that attentional inhibition may have affective consequences (Raymond, Fenske, & Tavassoli, in press). We examined the generality of this finding by asking whether inhibitory processes might also influence the generation of emotional responses to unfamiliar faces. To do this, we incorporated an emotional evaluation task within a paradigm that has been used to demonstrate long-term inhibition-of-return (IOR) of attention (Tipper, Grison, & Kessler, in press). On each 2-task trial, observers were first shown a unique pair of unfamiliar faces while performing a speeded go/no-go task. In this task, observers were required to withhold a response if there was an abrupt onset of an exogenous cue (no-go trials), and to make a response if a different stimulus was presented (go ‘catch’ trials). Following the completion of an intervening task, observers where asked to make an affective evaluation about the faces they had previously seen in the go/no-go task (e.g., Which of these people looks more friendly?). We found that observers were less likely to make positive affective responses to faces that attention had been exogenously drawn to in no-go trials than to faces to which attention had never been exogenously allocated. These results converge with our previous finding to suggest that inhibition may be associated with an episode encoded into memory, and that later retrieval acts to reinstate inhibitory processing. Importantly, our results suggest that this inhibitory processing involves affective devaluation, which may serve to encourage examination of new information.
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The short-term effects of fiscal consolidation have attracted an increasing attention from both the academia and policy makers in the recent years. Authors in the literature on non- Keynesian effects usually put the emphasis on the need for the devaluation of the national currency, the accommodating reaction of the monetary authority and the favourable international economic conditions as the necessary accompanying tools of fiscal consolidation, in order to realise short-term expansionary effects. Some also add the necessity of large-scale adjustment; while others support the view that a high and increasing debt ratio or increasing government spending, by triggering an unavoidable adjustment, is the key to experiencing short-term expansionary effects. The composition of adjustment also became a crucial explanation for non-Keynesian effects. However, as the following critical assessment of the literature on expansionary fiscal consolidations will reveal, institutional conditions, such as the importance of the depth of financial intermediation and the influencing role of labour market structure, can prove to be crucial in the occurrence of the desired expansionary short-term effects.
Resumo:
Highlights: • Iceland, Ireland and Latvia experienced similar developments before the crisis, such as sharp increases in banks’ balance sheets and the expansion of the construction sector. However the impact of the crisis was different: Latvia was hit harder than any other country in the world. Ireland also suffered heavily, while Iceland came out from the crisis with the smallest fall in employment, despite the greatest shock to the financial system. • There were marked differences in policy mix: currency collapse in Iceland but not in Latvia, letting banks fail in Iceland but not in Ireland, and the introduction of strict capital controls only in Iceland. The speed of fiscal consolidation was fastest in Latvia and slowest in Ireland. • Economic recovery has started in all three countries and there are several encouraging signals. The programme targets in terms of fiscal adjustment, structural reforms and financial reform are on track in all three countries. • Iceland seems to have the right policy mix. • Internal devaluation in Ireland and Latvia through wage cuts did not work, because privatesector wages hardly changed. The productivity increase was significant in Ireland and moderate in Latvia, yet was the result of a greater fall in employment than the fall in output, with harmful social consequences. • The experience with the collapse of the gigantic Icelandic banking system suggests that letting banks fail when they had a faulty business model is the right choice. • There is a strong case for a European banking federation.
Resumo:
A sávosan rögzített devizaárfolyamok elméleti és gyakorlati vizsgálatai a nemzetközi közgazdaságtan egyik legnépszerűbb témaköre volt a kilencvenes évek elején. A gyakorlati módszerek közül az alkalmazások és hivatkozások száma tekintetében az úgynevezett eltolódással igazítás módszere emelkedett ki. A módszert alkalmazó szerzők szerint amíg a lebegő árfolyamú devizák előrejelzése céltalan feladatnak tűnik, addig sávos árfolyam esetén az árfolyam sávon belüli helyzetének előrejelzése sikeresen végezhető. E tanulmány bemutatja, hogy az Európai Monetáris Rendszer és az északeurópai államok sávos árfolyamrendszereinél e módszer alkalmazásával adódott eredmények például a lebegő árfolyamú amerikai dollárra és az egységgyökfolyamatok többségére is érvényesek. A tanulmány feltárja e látszólagos ellentmondás okait, és bemutat egy olyan, a sávos árfolyamrendszerek főbb megfigyelt jellemzőire épülő modellt, amelynek keretei között a sávon belüli árfolyam előrejelzése nem feltétlenül lehetséges, mert a leértékelés előtti időszakban a sávon belüli árfolyam alakulása kaotikus lehet. / === / Following the development of the first exchange rate target zone model at the end of the eighties dozens of papers analyzed theoretical and empirical topics of currency bands. This paper reviews different empirical methods to analyze the credibility of the band and lays special emphasis on the most widely used method, the so-called drift-adjustment method. Papers applying that method claim that while forecasting a freely floating currency is hopeless, predicting an exchange rate within the future band is successful. This paper shows that the results achieved by applications to EMS and Nordic currencies are not specific to data of target zone currencies. For example, application to US dollar and even to most unit root processes leads qualitatively to the same. This paper explores the solutions of this puzzle and shows a model of target zones in which the exchange rate within the band is not necessarily predictable since the process might follow chaotic dynamics before devaluation.
Resumo:
1995. március 12-én a magyar kormány és a központi bank szigorú kiigazítási és stabilizációs programot hirdetett meg. A cikk az első eredmények számbavételére tesz kísérletet. A program meghirdetése előtt Magyarország két egymást követő év- ben hatalmas fizetésimérleg-hiányt mutatott fel, és nemzetközi megítélése romlani kezdett. A program radikális intézkedései nyomán elkerülhetővé vált a mexikói vál- sághoz hasonló pénzügyi katasztrófa. Sok makrogazdasági mutató jól érzékelhető javulást jelez: lényegesen csökkent a kereskedelmi mérleg és a folyó fizetési mérleg hiánya, a költségvetés elsődleges egyenlege pozitív lett. Az ilyesféle stabilizációs programokat rendszerint súlyos visszaesés és a munkanélküliség nagy növekedése kíséri. Magyarország elkerülte ezeket a mellékhatásokat: a GDP drasztikus vissza- esés helyett valamelyest tovább növekedett, és a munkanélküliség változatlan ma- radt. A javulásnak nagy ára volt: az életszínvonal erőteljes csökkenése, az infláció felgyorsulása, bár a magyarországi infláció még mindig a kézben tartott, mérsékelt infláció sávjában maradt. A cikk ismerteti a program heterodox módszereit: 1. nagy leértékelés, az előre meghirdetett csúszó árfolyam rezsimjének bevezetése, valamint ideiglenes import- vámpótlék kivetése; 2. határozott jövedelempolitika, amely 12 százalékos reálbércsök- kenést kényszerített ki; 3. fiskális intézkedések, köztük jóléti jogosultságok csök- kentése (a program meghirdetése előtt ezek a jogosultságok tabuk voltak); 4. a hitel- kínálat átcsoportosítása a vállalati szektor javára, a jövedelmezőség növekedése; 5. feszített (bár nem mértéktelenül feszített) monetáris politika, amely lehetővé tette a sikeres vállalatok expanzióját; 6. a privatizáció felgyorsítása, nagy és sikeres lépé- sek egyes kulcsszektorok (energia, telekommunikáció) privatizációjában. Végezetül a tanulmány óva int a túlzott magabiztosságtól és felhívja a figyelmet a potenciális veszélyekre. A makrogazdasági javulás még törékeny. A magyar fejlődés legbiztatóbb sajátossága a termelékenység erőteljes és folyamatos növekedése. / === / On March 12, 1995 Hungary s government and central bank announced a tough program of adjustment and stabilization. This study is an attempt to asses the first results. Before the announcement of the program Hungary had a huge current account deficit for two consecutive years, and her international reputation started to decline. The program s radical measures made it possible to avoid a Mexico-style financial catastrophe. Many macroeconomic indicators show tangible improvement: the trade deficit and the deficit on the current account have been reduced significantly, the primary budget shifted to surplus. These kinds of adjustment programs are usually associated with deep recession and a large increase of unemployment. Hungary avoided these adverse side-effects: GDP instead of a drastic decline, continued to grow somewhat, and unemployment remained unchanged. There was a high price for the improvement: a sharp decline in the standard of living, and an acceleration of inflation, although Hungary is still in the range of controlled, moderate inflation. The paper describes the heterodox instruments of the program: (1) large devaluation, followed by a new exchange rate regime of pre-announced crawling peg, and a temporary import surcharge, (2) energetic income policy, enforcing a 12% cut in real wages; (3) fiscal measures, including cuts in welfare entitlements. That happened for the first time: before the program entitlements had been regarded as taboo ; (4) reallocation of credit supply in favor of the enterprise sector; increase of profitability; (5) tight (but not excessively tight) monetary policy, allowing the expansion of successful private busi- ness; (6) acceleration of privatisation, including large and successful steps in the privatisation of some key sectors (energy, telecommunication). Finally the paper warns against excessive self- confidence and draws the attention to potential dangers. The macroeconomic improvement is still fragile. The most reassuring feature of Hungary s development is the impressive and persistent improvement of productivity.
Resumo:
The debt crisis of the eurozone revealed a structural problem of the single market. The single currency created a pegged foreign exchange system among the euro member states. Thus, the less competitive countries can not improve their wage competitiveness through devaluation, but are motivated to extend the current consumption as the single central bank rate and the zone stability created cheap debt financing. The paper overviews the process of Reverse Balassa-Samuelson effect to explain the importance of external imbalance in the debt crisis.
Resumo:
This dissertation presents an analysis of the impacts of trade policy reforms in Sri Lanka. A Computable General Equilibrium (CGE) model is constructed with detailed description of the domestic production structure and foreign trade. The model is then used to investigate the effects of trade policy reforms on resource allocation and welfare.^ Prior to 1977, Sri Lanka maintained stringent control over its imports through rigid quantitative restrictions. A new economic policy reform package was introduced in 1977, and it shifted Sri Lanka's development strategy toward an export oriented policy regime. The shift of policy focus from a restrictive trade regime toward a more open trade regime is expected to have a significant impact on the volume of external trade, domestic production structure, allocation of resources, and social welfare.^ Simulations are carried out to assess the effects of three major policy reforms: (1) a devaluation of the Sri Lanka rupee, (2) a partial or a complete elimination of export duties, and (3) a devaluation-cum-removal of export duties.^ Simulation results indicate that the macroeconomic impact of a devaluation-cum-removal of export duties can be substantial. They also suggest that the resource-pull effects of a devaluation and a devaluation-cum-export duty removal policy are significant. However, the model shows that a devaluation combined with an export duty reduction is likely to be a superior strategy. ^