As I explain in my Brand Spillovers paper, we almost never see merchandising-related trademark owner-vs.
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Most of the trendy areas have been spillovers from the smarter parts of town.
One attempt to measure these broad spillovers is a paper by Vivek Arora and Athanasios Vamvakidis of the IMF.
It is this short-term financing share that creates the potential for systemic spillovers in the form of deleveraging and marketwide fire sales of illiquid assets.
Pollution is a form of waste, so there is no axiomatic tension between these goals, although of course breakneck growth can have its nasty spillovers.
So, too, would a more systematic analysis of the exchange-rate adjustments needed to get there, as well as an assessment of the spillovers between countries' policies.
It also exists in a netherworld of first order effects in which we can increase government spending without having to worry about spillovers and second order effects on the private sector.
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In fact, however, there are important spillovers across states.
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This even argues for setting a minimum price that would satisfy immigrant pessimists as a reasonable hurdle for proving economic self-sufficiency and positive spillovers and then auctioning off an unlimited number at that price.
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Members generally recognised that domestic monetary policies of advanced economies are appropriately targeted to achieve domestic objectives while at the same time recognising the need to remain vigilant against possible negative spillovers of their policies.
They create jobs and start businesses, they pay more in taxes than they get back, they are highly employed, they have high IQs, their children generate positive spillovers in the local schools, into which they also pay property taxes.
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That said, members remain committed to pursuing structural reforms as not only are some reforms able to provide employment gains in the short-term, they also boost jobs and growth domestically and have positive spillovers via trade and other linkages to help rebalance the global economy.
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