961 resultados para Chase National Bank of the City of New York
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Distributed to some depository libraries in microfiche.
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Mode of access: Internet.
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Not in Rosenbach, A.S.W. Amer. Jewish bib. and supplements.
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Mode of access: Internet.
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Mode of access: Internet.
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This paper studies the effectiveness of Euro Area (EA) fiscal policy, during the recent financial crisis, using an estimated New Keynesian model with a bank. A key dimension of policy in the crisis was massive government support for banks—that dimension has so far received little attention in the macroeconomics literature. We use the estimated model to analyze the effects of bank asset losses, of government support for banks, and other fiscal stimulus measures, in the EA. Our results suggest that support for banks had a stabilizing effect on EA output, consumption and investment. Increased government purchases helped to stabilize output, but crowded out consumption. Higher transfers to households had a positive impact on private consumption, but a negligible effect on output and investment. Banking shocks and increased government spending explain half of the rise in the public debt/GDP ratio since the onset of the crisis.
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The aim of this paper is twofold. First, we present an up-to-date assessment of the differences across euro area countries in the distributions of various measures of debt conditional on household characteristics. We consider three different outcomes: the probability of holding debt, the amount of debt held and, in the case of secured debt, the interest rate paid on the main mortgage. Second, we examine the role of legal and economic institutions in accounting for these differences. We use data from the first wave of a new survey of household finances, the Household Finance and Consumption Survey, to achieve these aims. We find that the patterns of secured and unsecured debt outcomes vary markedly across countries. Among all the institutions considered, the length of asset repossession periods best accounts for the features of the distribution of secured debt. In countries with longer repossession periods, the fraction of people who borrow is smaller, the youngest group of households borrow lower amounts (conditional on borrowing), and the mortgage interest rates paid by low-income households are higher. Regulatory loan-to-value ratios, the taxation of mortgages and the prevalence of interest-only or fixed-rate mortgages deliver less robust results.
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Drawing from confidential firm-level balance sheets in 11 European countries, the paper presents a novel sectoral database of comparable productivity indicators built by members of the Competitiveness Research Network (CompNet) using a newly developed research infrastructure. Beyond aggregate information available from industry statistics of Eurostat or EU KLEMS, the paper provides information on the distribution of firms across several dimensions related to competitiveness, e.g. productivity and size. The database comprises so far 11 countries, with information for 58 sectors over the period 1995-2011. The paper documents the development of the new research infrastructure, the construction of the database, and shows some preliminary results. Among them, it shows that there is large heterogeneity in terms of firm productivity or size within narrowly defined industries in all countries. Productivity, and above all, size distribution are very skewed across countries, with a thick left-tail of low productive firms. Moreover, firms at both ends of the distribution show very different dynamics in terms of productivity and unit labour costs. Within-sector heterogeneity and productivity dispersion are positively correlated to aggregate productivity given the possibility of reallocating resources from less to more productive firms. To this extent, we show how allocative efficiency varies across countries, and more interestingly, over different periods of time. Finally, we apply the new database to illustrate the importance of productivity dispersion to explain aggregate trade results.
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Paper read at the eleventh annual convention of the National association of comptrollers and accounting officers, held at Syracuse, N.Y., June 1, 1916.
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I. Hopkins, W. R. Beginnings of the New England society of New York, 1884. Spring, G. A tribute to New England, 1820. Remarks on the charges made by the Rev. Gardiner Spring, D. D., against the religion and morals of the people of Boston and its vicinity, 1821. Romeyn, J. B. The duty and reward of honouring God, 1821. Whelpley, P. M. "The memory of the just is blessed." 1822. Knapp, S. L. Address, 1829. Bacon, L. Address, 1838. Winthrop, R. C. Address, 1839. Hadduck, C. R. The elements of national greatness, 1841. Cheever, G. B. The elements of national greatness, 1842. Choate, R. The age of the Pilgrims the heroic period of our history, 1843. Webster, D. The landing at Plymouth. 1843. Marsh, G. P. Address, 1844. Upham, C. W. The spirit of the day and its lessons, 1846.--II. Hall, J. P. Discourse, 1847. Bushnell, H. The founders, great in their unconsciousness, 1949. Webster, D. The Constitution and the union, 1850. Hillard, G. S. The past and the futur
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This study identifies a measure of the cultural importance of an area within a city. It does so by making use of origindestination trip data and the bike stations of the bike share system in New York City as a proxy to study the city. Rarely is movement in the city studied at such a small scale. The change in strength of the similarity of movement between each station is studied. It is the first study to provide this measure of importance for every point in the system. This measure is then related to the characteristics which make for vibrant city communities, namely highly mixed land use types. It reveals that the spatial pattern of important areas remains constant over differing time periods. Communities are then characterised by the land uses surrounding these stations with high measures of importance. Finally it identifies the areas of global cultural importance alongside the areas of local importance to the city.
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Signed by Jacob Morris, President, and William Henderson, Secretary.