Unemployment

owneroccupation dummies, documentation levels, percentage of loans with prepayment penalties, mortgage rates, margins, composition of mortgage contract types, origination amounts, MSA house price appreciation since origination, change in state unemployment rate since origination, and neighborhood median income. Actual Delinquency Rate (%) 35 30 25 20 15 10 5 0 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Loan Age (Months) 5 0 3 4 5 2007 2006 2005 2004 2003 2002 2001 Adjusted Delinquency Rate (%)

sociale. * The Political Ideal of the Rule of Law Le Caire, National Bank of Egypt (1955) * Essais de philosophie, de science politique et d'économie [« Studies in Philosophy, Politics and Economics »], Routledge Press, 1967 * Unemployment and Monetary Policy (1979) * The Fatal Conceit (1988)

interest rates will stuck near zero….” B. Quantitative easing Lowering exchange of the interest rate when banks exchange with other banks Long-term bonds Reach new equilibrium II) A. Positive consequences Bigger output  lower unemployment Housing market Devaluation of currency  competiveness Higher inflation in the future  higher demand at the moment (Keynes; when prices rise, people consume so demand increases) Smaller fluctuation of business cycle (greater growth) B

represents the power of a people united in struggle for freedom and equality. CONCLUSION In conclusion, even if South Africa faces major problems today, a democratic culture appears thanks to the ANC.However, Many South Africans remain poor and unemployment is high - a factor blamed for a wave of violent attacks against migrant workers from other African countries in 2008 and protests by township residents over poor living conditions during the summer of 2009. a spear: une lance, a shield: un bouclier

the financial institutions in London. (Fr: quartier des affaires de Londres) claim - demand made to an insurance company for payment according to an insurance policy; a demand for higher wages, etc.; to make such a demand. (Fr: demande) classical unemployment - the loss of jobs caused when wages are too high. clean floating exchange rate - see freely floating. (Fr: taux flottant) clear - (adjective) describes a market situation in which prices fluctuate until supply matches demand; (verb) to pass a

situation de faible inflation. Il faut choisir : soit baisser le chômage soit baisser l'inflation, on ne peut pas faire les deux en même temps. Le seul taux de chômage compatible avec l'inflation est le NAIRU (Non Accelerated Inflation Rate of Unemployment). MONETARISTES Les salariés font toujours leurs calculs en fonction de la période précédente, donc tout changement de politique monétaire n'est perçu qu'après coup par les salariés. Ainsi si on met en place une politique inflationniste, les

appropriate. Daoudi would never have been so happy if he had not become a soldier. Like more and more of his friends, he chose training that would offer a secure and interesting job. A growing number of second-generation immigrants have avoided unemployment, especially in the Parisian suburbs, by going into the navy or the air force. Perhaps there are not many who have made the same choice as Daoudi. However, his experience has shown that many different trades exist in the army for someone who wants

pirated software represent a loss of 3 billion euros for the European Union companies. The phenomenon also has impacts on unemployment. The OECD has estimated that 200 000 people became unemployed directly due to counterfeited productions. Indeed such a business has consequences on official companies’ productions, which tend to decrease. This has a repercussion on the unemployment rate. States also suffer from counterfeit in markets. Counterfeited production available on markets means a loss of

marché du travail. Les recommandations n’ont pas fondamentalement changé : il s’agit toujours de préconiser un ajustement à la baisse des salaires, mais elles sont dorénavant ciblées sur ce 1 Richard Layard, Stephen Nickell & Richard Jackman, Unemployment : Macroeconomic Performance and the Labour Market, Oxford University Press, 1991; pour une critique de cette approche : Michel Husson, Pourquoi les taux de chômage diffèrent en Europe, La Revue de l'IRES n°32, 2000, http://hussonet.free.fr/caesup

2002-2009 Est. 2010 "very clear consensus on the reforms that have set up strong dynamic trajectory for the country" Inflation (%) 10 Reduced Inflation 6,2 5 2,0 1,0 2,0 Mean 2006-2008 2009 Est. 2010 0 Mean 1990-1995 Unemployment rate (%) Decreasing Unemployment Urban Fitch Ratings-London-2009– Investment Grade National 40 20 22,0 13,9 13,8 12,7 9,0 8,2 0 1999 2009 Est. 2010 FDI ( in Bn $) Increasing Foreign Direct Investments S&P raises Morocco's rating to investment grade