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There are other first-round effects that are much easier to anticipate.
Asunto: Modificación del reglamento de la renta de ciudadanía en Friuli Venecia-GiuliaLiterature Literature
Of course, it is only the first-round effects that are similar.
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Slowdown of growth, reduction in financial and capital flows, were the results of the first round effects of the crisis.
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For some countries, it was comparatively benign, with the first-round effects of higher commodity prices, particularly of oil products.
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For some countries, it was comparatively benign, with the first-round effects of higher commodity prices, particularly of oil products
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Nonetheless, shifts of income to high-saving groups and increasing current-account surpluses have similar first-round effects on aggregate world savings.
Sí, yo tambiénNews commentary News commentary
Here first-round effects must be distinguished from second-round effects, and in the case of first-round effects, direct effects from indirect effects.
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In principle, if commodity price changes are of a temporary nature, one can look through the volatility in inflation triggered by their first-round effects.
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If the impact of rising oil prices on those direct and indirect first-round effects remains limited, there is no acute need for action via monetary policy.
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While the first-round effects of higher food and fuels prices on inflation should generally be accommodated, monetary policy should seek to avoid spillover to more generalized inflation.
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If the central bank is to avoid an inflation spiral, it must ensure that the “first roundeffects of higher energy prices on inflation do not fuel such “second round” effects.
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While the flexible exchange rate absorbed the first round effects of the global crisis, weak external demand has led to a contraction of exports and a considerable slowdown in economic activity.
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Given weak demand in slow-growing advanced economies, rising commodity prices may lead only to a small first-round effect on headline inflation there, with little second-round impact on core inflation.
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The proportion of ODA used to purchase goods and services from programme countries remains low, undermining the “first round effects” of aid spending on promotion of private sector growth in developing countries.
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The proportion of ODA used to purchase goods and services from programme countries remains low, undermining the “first round effects” of aid spending on promotion of private sector growth in developing countries
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The methodology developed in the first two sections of the paper is then used to obtain estimates of the first-round effects of the budget in recent years in Italy, Finland, and Austria.
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Investment in infrastructure, business development and research improve job opportunities, both in the short run as a result of first round effects and in the longer run as a result of their positive effect on competitiveness.
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This tool is particularly useful for analysing the first round of effects of trade liberalization for specific tariff lines
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Investment in infrastructure, business development and research improve job opportunities, both in the short run as a result of first round effects and in the longer run as a result of their positive effect on productivity and competitiveness.
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