Hysteresis and IAS 38: Difference between pages

Revision as of 21:56, 23 March 2016

International Accounting Standard 38, dealing with intangible assets.

Issued by the International Accounting Standards Board.

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-''Economics.''
+International Accounting Standard 38, dealing with intangible assets.
-Hysteresis in economics is the persistence of an effect, after the initial factors that led to that event have been removed.
+Issued by the International Accounting Standards Board.
-For example, hysteresis can occur following a recession when the unemployment rate continues to increase despite growth in the economy.
-:<span style="color:#4B0082">'''''Hysteresis costs'''''</span>
-:"It is safer to err on the side of easing somewhat too much, and then if necessary tighten as capacity pressures eventually build, rather than ease too little and find the economy gets stuck in a low inflation rut with increased hysteresis costs."
-:''Michael Saunders, External Member of the Bank of England's Monetary Policy Committee (MPC), May 2020.''
 == See also ==
-* [[Bank of England]]
+* [[FRS 10]]
-* [[Creative destruction]]
+* [[FRS 102]]
-* [[Depression]]
+* [[Intangible assets]]
-* [[Downside risk]]
+* [[International Financial Reporting Standards]]
-* [[Easing]]
-* [[Economics]]
-* [[Equilibrium unemployment]]
-* [[Friction]]
-* [[Inflation]]
-* [[Monetary Policy Committee]]
-* [[Recession]]
-* [[Scarring]]
-* [[Tightening]]
 [[Category:Accounting,_tax_and_regulation]]
-[[Category:Corporate_finance]]
+[[Category:Compliance_and_audit]]
-[[Category:Investment]]
-[[Category:Identify_and_assess_risks]]
-[[Category:Manage_risks]]
-[[Category:Risk_frameworks]]