Gold standard

Charles River Launches Viral Vector Tech Transfer Program to Safeguard Gene Therapy Development

Retrieved on: 
Donnerstag, Mai 30, 2024

Charles River’s viral vector tech transfer program offers phase-appropriate and customizable frameworks to yield exceptional stability, helping to avoid costly and time-consuming program delays.

Key Points: 
  • Charles River’s viral vector tech transfer program offers phase-appropriate and customizable frameworks to yield exceptional stability, helping to avoid costly and time-consuming program delays.
  • Charles River will showcase its viral vector tech transfer framework at the BIO International Convention , June 3-6, 2024 in San Diego, CA.
  • Charles River’s viral vector center of excellence offers viral vector tech transfer and manufacturing to support any stage of the drug development lifecycle, from research-grade viral vector manufacturing for in vitro and in vivo studies to commercial-scale GMP manufacturing.
  • Meticulously built to provide a seamless tech transfer at any phase, the viral vector tech transfer program provides stability in times of change.” – Ramin Baghirzade, PhD, Senior Director, Global Head Commercial, Gene Therapy CDMO Services, Charles River

The quantity theory of money, 1870-2020

Retrieved on: 
Dienstag, Mai 28, 2024

Working Paper Series

Key Points: 
    • Working Paper Series
      Alexander Jung

      The quantity theory of money,
      1870-2020

      No 2940

      Disclaimer: This paper should not be reported as representing the views of the European Central Bank
      (ECB).

    • Abstract
      This study re-assesses the validity of the quantity theory of money (QTM) for the very long sample,
      1870 to 2020, for 18 industrial countries using the dataset from Jord? et al.
    • ECB Working Paper Series No 2940

      1

      Non-technical summary
      The quantity theory of money (QTM) is a central tenet of monetary economics.

    • Second, panel regressions confirm the presence of long and variable lags in the monetary policy
      transmission, as predicted by Milton Friedman.
    • Introduction
      The quantity theory of money (QTM) is a central tenet of monetary economics and became the
      workhorse model of the Monetarist school in the 20th century.
    • 1 It postulates a stable long-run link
      between the quantity of money and prices and implies that money growth is a key driver of inflation
      over longer horizons.
    • Lucas (2006) emphasized that the monetary pillar of central bank policy decisively
      contributed to reducing inflation when it was too high.
    • In the 1970s and 1980s, central bankers and
      researchers paid much attention to the quantity equation, and many countries pursued monetary targeting
      as their monetary policy strategy (see Table 1).
    • Towards the end of the 20th century, severe velocity
      shocks occurred, thus violating the constant money velocity assumption of the quantity theory.
    • *** insert Table 1 here ***
      This study provides a reassessment of QTM based on panel approaches and using the dataset from
      Jord? et al.
    • (2017) for 18 industrial countries that allow to conduct tests for the very long sample from
      1870 to 2020.
    • The results show that an I(2) modeling strategy is not
      indicated (Juselius, 2021; Assenmacher and Beyer, 2020; Jung and Carcel Villanova, 2020).
    • Within this
      approach, I examine time variation by estimating the regressions for different subsamples and providing
      rolling window regressions of the CCEPMG estimator.
    • Second, panel regressions confirm the presence of long and variable lags in the monetary policy
      transmission, as predicted by Milton Friedman.
    • Notable exceptions are studies based on
      country approaches for the United States and the United Kingdom (e.g., Benati, 2005; Sargent and
      Surico, 2008).
    • Section 4 provides empirical results on the long-run link between excess
      money growth and inflation and section 5 concludes.
    • A well-known implication of the quantity theory is that in the long run (i.e., if V and Yr are fixed),
      the price level is proportional to the money stock, and there is no link between money growth and real
      variables.
    • The empirical literature has focused on the point that ?a given change in the quantity of money
      induces ? an equal change in the rate of price inflation? (Lucas, 1980).
    • The literature suggests that excess money growth, i.e., nominal money in excess of real GDP, is
      more closely related to inflation.
    • Lucas (1980 and 1996) suggested that the link between money growth and inflation may not be
      found in the data owing to statistical noise.
    • Chart 2 illustrates the long-run comovement between money growth and
      inflation for 18 industrial countries between 1900 and 2000.
    • whether a given change in the quantity of money induces
      an equal change in nominal rates of interest.
    • McCandless and Weber (1995) also examined the link between money
      growth and real GDP growth and found no correlation.
    • Testing the validity of the quantity theory may also face some limitations concerning the correct
      measurement of money growth or inflation.
    • Famous researchers have argued that the Divisia approach to calculating monetary aggregates
      would be best suited to test the quantity theory (Barnett, 1980; Lucas, 2000).
    • Long-run Evidence on the Quantity Theory of Money.
    • The quantity theory of money: Its historical evolution and role in policy debates.
    • Two illustrations of the quantity theory of money.
    • ), A journey
      from theory to practice ? an ECB colloquium held in honour of Otmar Issing, 16-17 March 2006, 168171.
    • Two illustrations of the quantity theory of money: breakdowns and revivals.
    • The dashed line illustrates a coefficient of 1, as stipulated by the quantity theory of money; for
      broad money, no data for Belgium was available until 1980.

Averna Named one of Canada's Best Managed Companies

Retrieved on: 
Dienstag, Mai 14, 2024

Celebrating over 30 years, Canada's Best Managed Companies program awards excellence in private Canadian-owned companies with revenues of $50 million or greater.

Key Points: 
  • Celebrating over 30 years, Canada's Best Managed Companies program awards excellence in private Canadian-owned companies with revenues of $50 million or greater.
  • Canada's Best Managed Companies is one of the country's leading business awards programs recognizing innovative and world‑class businesses.
  • The 2024 cohort of Best Managed companies share common themes such as having a people centric culture, targeting effective ESG strategies, and accelerating operational digitization.
  • "Best Managed is a prestigious award that recognizes the significant and ongoing contributions within Canada's business landscape," said Lorrie King, Partner, Deloitte Private, Global Best Managed Leader and Co-Leader, Canada's Best Managed Companies program.

EcoSafi announces the first issuance of carbon credits in Africa under high-integrity Gold Standard MECD methodology

Retrieved on: 
Mittwoch, Mai 8, 2024

NAIROBI, Kenya, May 08, 2024 (GLOBE NEWSWIRE) -- Today, EcoSafi, the clean cooking biofuel utility and champion for integrity in carbon markets, and Gold Standard, the world-leading carbon and sustainable development standard, announced the first-ever carbon credits generated in Africa under Gold Standard’s industry-leading Metered and Measured Energy Cooking Devices (MECD) methodology.

Key Points: 
  • NAIROBI, Kenya, May 08, 2024 (GLOBE NEWSWIRE) -- Today, EcoSafi, the clean cooking biofuel utility and champion for integrity in carbon markets, and Gold Standard, the world-leading carbon and sustainable development standard, announced the first-ever carbon credits generated in Africa under Gold Standard’s industry-leading Metered and Measured Energy Cooking Devices (MECD) methodology.
  • We are working to give families a cleaner, safer way to cook, with our best-in-class product and trusted, premium carbon credits,” said Tom Price, CEO of EcoSafi.
  • Its MECD methodology is its most stringent, linking the calculation of the carbon credits directly to metrics like stove use and fuel sales.
  • Having proven the model for high integrity offsets commanding premium pricing, EcoSafi is now developing a multinational, multi-million carbon credit program under the Gold Standard MECD methodology.

KENT Achieves Unprecedented Milestone as a Five-Time US Best Managed Company

Retrieved on: 
Montag, Mai 6, 2024

DES MOINES, Iowa, May 6, 2024 /PRNewswire/ -- KENT® Corporation, based in Muscatine, Iowa, has been named a 2024 US Best Managed Company.

Key Points: 
  • DES MOINES, Iowa, May 6, 2024 /PRNewswire/ -- KENT® Corporation, based in Muscatine, Iowa, has been named a 2024 US Best Managed Company.
  • KENT is part of the inaugural cohort of fifteen Gold Standard honorees, having achieved the U.S. Best Managed Company designation for five consecutive years.
  • "Receiving the US Best Managed Company designation for five years in a row is a tremendous honor for KENT Corporation," said Gage Kent, KENT Chairman and CEO.
  • US Best Managed Companies is part of a global Deloitte Private program.

Blue Shield of California Named Among the Best Managed Companies in the United States for Fifth Consecutive Year

Retrieved on: 
Montag, Mai 6, 2024

OAKLAND, Calif., May 6, 2024 /PRNewswire/ -- Blue Shield of California has been selected as a 2024 US Best Managed Company for the fifth straight year. This is Blue Shield's second year as a Gold Standard winner. Sponsored by Deloitte Private and The Wall Street Journal, the program recognizes outstanding U.S. private companies and the successes of their management teams.

Key Points: 
  • OAKLAND, Calif., May 6, 2024 /PRNewswire/ -- Blue Shield of California has been selected as a 2024 US Best Managed Company for the fifth straight year.
  • Sponsored by Deloitte Private and The Wall Street Journal, the program recognizes outstanding U.S. private companies and the successes of their management teams.
  • "Earning this distinction for the fifth time is a significant achievement for us," said Mike Stuart, executive vice president and chief financial officer at Blue Shield of California.
  • As a 2024 honoree, Blue Shield of California joins hundreds of private companies from more than 44 countries that have competed as part of a rigorous and independent process.

Advanced Technology Services, Inc. Recognized as a US Best Managed Company

Retrieved on: 
Montag, Mai 6, 2024

PEORIA, Ill., May 6, 2024 /PRNewswire/ -- Advanced Technology Services, Inc. (ATS) is proud to announce it has been selected as a 2024 US Best Managed Company and designated a Gold Standard honoree for maintaining this achievement for four years.

Key Points: 
  • PEORIA, Ill., May 6, 2024 /PRNewswire/ -- Advanced Technology Services, Inc. (ATS) is proud to announce it has been selected as a 2024 US Best Managed Company and designated a Gold Standard honoree for maintaining this achievement for four years.
  • The award, sponsored by Deloitte* Private and The Wall Street Journal, recognizes the achievements of U.S. private companies and the successes of their management teams.
  • "This recognition as a US Best Managed Company Gold Standard honoree reflects not only our past achievements but also our relentless drive for innovation and excellence.
  • US Best Managed Companies is part of a global Deloitte Private program.

US Best Managed Companies Program Names 2024 Honorees

Retrieved on: 
Montag, Mai 6, 2024

NEW YORK, May 6, 2024 /PRNewswire/ -- For the fifth year, The U.S. Best Managed Companies program, sponsored by Deloitte Private and The Wall Street Journal, today unveiled its 2024 honorees.

Key Points: 
  • NEW YORK, May 6, 2024 /PRNewswire/ -- For the fifth year, The U.S. Best Managed Companies program, sponsored by Deloitte Private and The Wall Street Journal, today unveiled its 2024 honorees.
  • U.S. honorees join a global network of Best Managed Companies consisting of more than 1,300 organizations from 44 countries.
  • "The Best Managed Companies program honors the positive impact that U.S. private businesses have on their customers, people, industries and communities," said Wolfe Tone , vice chair, US Deloitte Private leader, Deloitte LLP.
  • For more information on the US Best Managed Companies program, please visit www.usbestmanagedcompanies.com .

Lomi Becomes The First Home Food Recycling Appliance Approved As A Verified Carbon Credit

Retrieved on: 
Mittwoch, Mai 1, 2024

Gold Standard is known as the global benchmark for the highest integrity and greatest impact on climate and development initiatives.

Key Points: 
  • Gold Standard is known as the global benchmark for the highest integrity and greatest impact on climate and development initiatives.
  • "As the first home appliance methodology to receive a Gold Standard approval, Lomi demonstrates leadership in the global effort to reduce carbon emissions," stated Jeremy Lang, Co-founder and Head of Sustainability and Regeneration of Lomi.
  • "The Gold Standard approval signifies the meaningful impact that the Lomi system can have in terms of reducing carbon emissions in our communities."
  • Lomi's emission reductions, once verified, will be traded on carbon markets, allowing credit purchasers to directly support the project.

Clean Cooking Alliance Releases Digital Magazine Focused on Carbon Finance and Climate

Retrieved on: 
Montag, April 29, 2024

WASHINGTON, D.C., April 29, 2024 /PRNewswire-PRWeb/ -- The new edition of the Clean Cooking Alliance's digital magazine Vantage Point: Perspectives on Clean Cooking released today highlights the importance of carbon finance for clean cooking and for helping solve the climate crisis.  

Key Points: 
  • Samira Bawumia, and CEOs of Gold Standard and C-Quest Capital
    WASHINGTON, D.C., April 29, 2024 /PRNewswire-PRWeb/ -- The new edition of the Clean Cooking Alliance's digital magazine Vantage Point: Perspectives on Clean Cooking released today highlights the importance of carbon finance for clean cooking and for helping solve the climate crisis.
  • "It's clear the voluntary carbon markets are a crucial mechanism for the rollout of clean cooking solutions to the 2.3 billion people that still need them."
  • The magazine explores some of the challenges in expanding carbon finance for clean cooking; innovative efforts to bring more investors onto the scene; and new programs to strengthen the market's sustainability and transparency, including the CCA-led Clean Cooking and Climate Consortium and the Responsible Carbon Finance for Clean Cooking Initiative .
  • CCA and its many partners are dedicated to addressing this climate challenge by increasing carbon finance for clean cooking projects, among other activities, to ensure that clean cooking is part of the broader climate solution.