Complex Event Analysis - Report

Complex Event Analysis - REPORT

Supporting narratives:

• challenge (Read more)
• But now policymakers need to take a step back and consider which forms of stimulus are really needed, and which risk doing more harm than good.
  NEW YORK - Governments around the world are responding forcefully to the COVID-19 crisis with a combined fiscal and monetary response that has already reached 10% of global GDP. Yet according to the latest global assessment from the United Nations Department of Economic and Social Affairs, these stimulus measures may not boost consumption and investment by as much as policymakers are hoping.
  While many recent proposals for reforming capitalism would substantially change the way our economies operate, they do not fundamentally alter the narrative about how market economies should work; nor do they represent a radical departure for economic policy
• High Level Abstractions:
• (global,governments)
• (economies,liquidity)
• (governments,united_nations_department)
• (economic,governments)
• (banks,economies,liquidity)
• (economic,liquidity)
• (economies,governments)
• (banks,global,liquidity)
• (liquidity,united_nations_department)
• (global,liquidity)
• (banks,liquidity,united_nations_department)
• (banks,economic,liquidity)
• Inferred entity relationships (9)

  (banks,liquidity) [inferred]

  (banks,liquidity,mit,paycheck_protection_program) [inferred]

  (banks,liquidity,mit,treasury_department) [inferred]

  (liquidity,united_nations_department) [inferred]

  (economic,liquidity) [inferred]

  (banks,liquidity,mit,ppp) [inferred]

  (banks,liquidity,mit,small-business) [inferred]

  (global,liquidity) [inferred]

  (economies,liquidity) [inferred]

• challenge (Read more)
• Similar provisions could apply to real investments made by firms.
  Governments also should consider issuing spending vouchers to stimulate household consumption. This is already happening in China, where local governments across 50 cities are issuing digital coupons that can be used to buy various goods and services within a certain timeframe
• High Level Abstractions:
• (governments,vouchers)
• (governments,spending)

• WIP (Read more)
• Clearly, bank credit alone is not going to lead us out of the current economic stalemate.
  Making matters worse, today's excess liquidity may carry a high social cost. Beyond the usual fears about debt and inflation, there is also good reason to worry that the excess cash in banks will be funneled toward financial speculation
• High Level Abstractions:
• (economic,liquidity)

• WIP (Read more)
• Much of the money that households and businesses receive in the form of stimulus checks will probably sit idle in their bank accounts, owing to anxieties about the future and a broader reduction in spending opportunities. At the same time, banks will likely have to sit on the excess liquidity, for lack of credit-worthy borrowers willing to take out fresh loans.
  Not surprisingly, excess reserves held in US depository institutions nearly doubled between February and April, from $1.5 trillion to $2.9 trillion
• High Level Abstractions:
• (liquidity,sit)
• (banks,liquidity,sit)
• Inferred entity relationships (7)

  (banks,liquidity) [inferred]

  (banks,liquidity,mit,paycheck_protection_program) [inferred]

  (banks,liquidity,mit,small-business) [inferred]

  (liquidity,sit) [inferred]

  (banks,liquidity,united_nations_department) [inferred]

  (banks,liquidity,mit,treasury_department) [inferred]

  (banks,liquidity,mit,ppp) [inferred]

• WIP (Read more)
• Which Economic Stimulus Works.
  Jun 8, 2020
  JOSEPH E. STIGLITZ
  During the initial shock from COVID-19, it was understandable that governments and central banks would respond with massive injections of liquidity. But now policymakers need to take a step back and consider which forms of stimulus are really needed, and which risk doing more harm than good.
  NEW YORK - Governments around the world are responding forcefully to the COVID-19 crisis with a combined fiscal and monetary response that has already reached 10% of global GDP. Yet according to the latest global assessment from the United Nations Department of Economic and Social Affairs, these stimulus measures may not boost consumption and investment by as much as policymakers are hoping.
  While many recent proposals for reforming capitalism would substantially change the way our economies operate, they do not fundamentally alter the narrative about how market economies should work; nor do they represent a radical departure for economic policy
• High Level Abstractions:
• (banks,governments,liquidity)
• (covid-19,governments)
• (covid-19,liquidity)
• (governments,liquidity)
• (banks,covid-19,liquidity)
• Inferred entity relationships (2)

  (governments,liquidity) [inferred]

  (covid-19,liquidity) [inferred]

• WIP (Read more)
• This is already happening in China, where local governments across 50 cities are issuing digital coupons that can be used to buy various goods and services within a certain timeframe.
• High Level Abstractions:
• (governments,various)

Target rule match count: 26.0 Challenge: 0.24 Momentum: 0.00 WIP: 0.26