Jordan is a developing country which has frequently general budget deficit. Government intervene increases environment complexity. Financial experts have weakness to solve deficit problem in spite of understanding man...Jordan is a developing country which has frequently general budget deficit. Government intervene increases environment complexity. Financial experts have weakness to solve deficit problem in spite of understanding managing risk of financial and investing choices also can develop its tools. Researches found the reasons of financial experts＇ weakness, which are the ignorance of financial expert evaluation and role solving of negative social problems which came after losing trust in leaders. Recommendations concentrate on giving financial expert power and solving law ignorance problem by adjusting law to fight trickery. Law does not give the harmed the right to cancel contract when there is unfair price. It must collect unfair price with deceiving to get right. Rule must be confession of profit after studying assets and liabilities value in market prices. Deals in financial market should take care of financial analyses, human resources accounting, and value added of companies. Financial experts can achieve equilibrium between local producing and Jordanian international producing depending on suitable cost of producing to import and courage producing locally.展开更多
Despite the adverse impact of the budget deficit in Hong Kong has been alleviated since the economic recovery from 2003, the fiscal deficit may return when there is another downturn in the economy if the problem is no...Despite the adverse impact of the budget deficit in Hong Kong has been alleviated since the economic recovery from 2003, the fiscal deficit may return when there is another downturn in the economy if the problem is not handled fundamentally.Based on the economic and political situation from 1998 to 2003,the factors that lead to the budget deficit in Hong Kong are analyzed in four perspectives,including(a)increase in public expenditure;(b)decrease in public revenues;(c)poor management of public money and(d) weak administration.With a better understanding on these factors, possible solutions to the fiscal problem faced by the government may be developed.展开更多
An idealized artificial general intelligence(AGI)system is expected to be smart enough to balance competing needs for caution and urgency via the management of limited time resources.However,mainstream Large Language ...An idealized artificial general intelligence(AGI)system is expected to be smart enough to balance competing needs for caution and urgency via the management of limited time resources.However,mainstream Large Language Models(LLMs),due to its working principle requiring operating resources of a tremendous magnitude,cannot be sensitive to the limitation of time resources,hence,it cannot adjust its time-distributions vis-à-vis the combinations of different internal and external conditions.Hence,a new AGI approach to the time-management is needed.By integrating the psychological notion of Need-For-Closure(NFC)and Nagel’s(2008)intellectual invariantism as well as Stanley’s(2005)stake-based epistemology,we will present a unified and computable framework for time-management,namely,a framework intended to handle both the system’s own estimation of the complexity of the task and its perception of the degree of stakes triggered by the task.In addition,in ourmodel,the computable notion of“budget deficit”plays a pivotal role in explaining how the NFC-value is fine-tuned to guide epistemic shifts.展开更多
Background:This paper examines the role of monetary and fiscal factors in interest rate variations in Sri Lanka under its deregulated regime of interest rates.In addition the paper also examines the role of monetary f...Background:This paper examines the role of monetary and fiscal factors in interest rate variations in Sri Lanka under its deregulated regime of interest rates.In addition the paper also examines the role of monetary factors in the variation of interest rates,using a quarterly dataset for the post-global recession period,when the exchange rate is determined by market forces.Results:Empirical analysis uses a dataset of nominal interest rates,money growth,income growth,changes in nominal exchange rate,and budget deficit.From the methodological point of view the paper involves vector autoregression model and Wald tests of Granger causality,followed by impulse response analysis while stationarity and the order of integration of the selected variables are confirmed involving the augmented Dickey-Fuller and the Phillips-Perron unit-root tests.Results:The paper confirms that both monetary and fiscal factors have significant effects on the variations of interest rates.Money growth triggers an increase in interest rates,which supports the Fisher equation view,while income growth has a negative impact.Budget deficit causes a rise in interest rates,but the role of the exchange rate is found to be almost insignificant,probably due to including exchange rate series that cover both the pegged and market-based regimes of exchange rates.The second part of the analysis,using a quarterly dataset for the post-global recession period,further establishes the positive impact of M2 money growth and income growth on interest rates.In this case,exchange rate depreciation causes an increase in interest rates.Conclusions:The significant role of monetary and fiscal factors in interest rate variations implies it would be possible to manage interest rates through a judiciary management of monetary and fiscal policies.展开更多
文摘Jordan is a developing country which has frequently general budget deficit. Government intervene increases environment complexity. Financial experts have weakness to solve deficit problem in spite of understanding managing risk of financial and investing choices also can develop its tools. Researches found the reasons of financial experts＇ weakness, which are the ignorance of financial expert evaluation and role solving of negative social problems which came after losing trust in leaders. Recommendations concentrate on giving financial expert power and solving law ignorance problem by adjusting law to fight trickery. Law does not give the harmed the right to cancel contract when there is unfair price. It must collect unfair price with deceiving to get right. Rule must be confession of profit after studying assets and liabilities value in market prices. Deals in financial market should take care of financial analyses, human resources accounting, and value added of companies. Financial experts can achieve equilibrium between local producing and Jordanian international producing depending on suitable cost of producing to import and courage producing locally.
文摘Despite the adverse impact of the budget deficit in Hong Kong has been alleviated since the economic recovery from 2003, the fiscal deficit may return when there is another downturn in the economy if the problem is not handled fundamentally.Based on the economic and political situation from 1998 to 2003,the factors that lead to the budget deficit in Hong Kong are analyzed in four perspectives,including(a)increase in public expenditure;(b)decrease in public revenues;(c)poor management of public money and(d) weak administration.With a better understanding on these factors, possible solutions to the fiscal problem faced by the government may be developed.
文摘An idealized artificial general intelligence(AGI)system is expected to be smart enough to balance competing needs for caution and urgency via the management of limited time resources.However,mainstream Large Language Models(LLMs),due to its working principle requiring operating resources of a tremendous magnitude,cannot be sensitive to the limitation of time resources,hence,it cannot adjust its time-distributions vis-à-vis the combinations of different internal and external conditions.Hence,a new AGI approach to the time-management is needed.By integrating the psychological notion of Need-For-Closure(NFC)and Nagel’s(2008)intellectual invariantism as well as Stanley’s(2005)stake-based epistemology,we will present a unified and computable framework for time-management,namely,a framework intended to handle both the system’s own estimation of the complexity of the task and its perception of the degree of stakes triggered by the task.In addition,in ourmodel,the computable notion of“budget deficit”plays a pivotal role in explaining how the NFC-value is fine-tuned to guide epistemic shifts.
文摘Background:This paper examines the role of monetary and fiscal factors in interest rate variations in Sri Lanka under its deregulated regime of interest rates.In addition the paper also examines the role of monetary factors in the variation of interest rates,using a quarterly dataset for the post-global recession period,when the exchange rate is determined by market forces.Results:Empirical analysis uses a dataset of nominal interest rates,money growth,income growth,changes in nominal exchange rate,and budget deficit.From the methodological point of view the paper involves vector autoregression model and Wald tests of Granger causality,followed by impulse response analysis while stationarity and the order of integration of the selected variables are confirmed involving the augmented Dickey-Fuller and the Phillips-Perron unit-root tests.Results:The paper confirms that both monetary and fiscal factors have significant effects on the variations of interest rates.Money growth triggers an increase in interest rates,which supports the Fisher equation view,while income growth has a negative impact.Budget deficit causes a rise in interest rates,but the role of the exchange rate is found to be almost insignificant,probably due to including exchange rate series that cover both the pegged and market-based regimes of exchange rates.The second part of the analysis,using a quarterly dataset for the post-global recession period,further establishes the positive impact of M2 money growth and income growth on interest rates.In this case,exchange rate depreciation causes an increase in interest rates.Conclusions:The significant role of monetary and fiscal factors in interest rate variations implies it would be possible to manage interest rates through a judiciary management of monetary and fiscal policies.
