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...CD&R and BC Partners declined to comment....
...MA: So what do you think has happened to R-star? IS: There is a lot of research about the earlier long-run decline in R-star. The global savings glut is often mentioned as one important factor....
...It resigned as auditor of Sunac, Shimao and R&F in 2022. The Evergrande audits were carried out by PwC’s Hong Kong business, filings show....
...The broad reasoning behind the difference of view is that methods of estimating R-star which show little change amplify the importance of long run slow-moving concepts such as the potential growth rate or...
...The equilibrium interest rate, or R-star, is the rate at which borrowing costs can be considered neutral, neither inflating or deflating demand in the economy. Read more here...
...Together with Thomas R, they set up research projects between the company, German universities and sham Chinese business partners....
...Over the long run, when capital can move freely across countries, there exists a single interest rate that clears the global capital market....
...R-star not only moves around but is also path-dependent, because debt and asset portfolios are path-dependent....
...“Although our R&D budget fell this year, we will provide utmost support for R&D spending next year, reflecting the reform results.”...
...Long-run measures of economy-wide R&D have surged: Both parties now embrace a larger role for government....
...Some economists see signs that the R-star has risen....
...chair and former Société Générale chief executive Frédéric Oudéa, said it was “fair” that investors “want their cake and would like to eat it” — meaning both short-term returns and investment to ensure long-term...
...But he added that “Enel has almost doubled investments . . . to about R$1.5bn [$300mn] a year, compared with R$800mn invested by the previous concession holder....
...The equilibrium interest rate, or R-star, is the rate at which the Fed can consider borrowing costs to be neutral, neither inflating nor deflating demand in the economy....
...The long-end sell-off does seem to reflect some growing belief in a structural shift in the US economy that is raising r*, or the “neutral” rate of interest at which inflation and growth will be steady....
...“We employ a consultancy to do our R&D claims for us because we haven’t got the time to fight the claims,” he said....
...Ultimately, r-star is what the Fed says it is. Further reading— R Star Star Wars: The Phantom Menace...
...If designed right, innovation policies can therefore pay for themselves in the long term, the IMF added....
...Apple and Microsoft have long paid out dividends but Alphabet and Amazon have so far resisted investors’ calls....
...In February, the UK pharmaceuticals company hit a long-term sales target that once seemed out of reach....
...For the long-suffering fans of Botafogo, it seemed that glory was finally in sight....
...Apart from the NFL, the wider US television business is in long-term decline....
...On a long-term view, some of the FTSE 100’s less glamorous members, companies such as Compass, Intertek, Relx, Experian and Diploma as well as Bunzl and Howdens, have performed far better than the household...
...Central bankers have long argued that changes in interest rates affect global economies with “long and variable lags”....
...The most important fiscal relationship, the gap between real rates and long-term growth (“r minus g”), has gone from negative to near-zero....
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