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Inequality and crises: coincidence or causation?
Inequality and crises: coincidence or causation?

... “So in the longer term, it's hard to see where the buying power will come from unless America's vast middle class has more take-home pay.” But underconsumption has both conceptual problems and empirical troubles. ...
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Fiscal Consolidation Strategy: An Update For The Budget Reform

... be employed to reduce federal spending and thereby, return the U.S. federal budget to the precrisis level relative to GDP. Because the U.S. federal budget was close to balance before the crisis, (the federal deficit was only 1.3 percent of GDP in 2007) this strategy would mitigate the size of any ta ...
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Estimating the rate of return to capital in the EU

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U.S. Government and Federal Agency Securities
U.S. Government and Federal Agency Securities

... its agencies fund a variety of public projects and activities by issuing bonds. U.S. government bonds are issued through the U.S. Treasury, and U.S. government agency bonds are issued by the various agencies. Combined, Treasury and agency bonds comprise over half of the U.S. bond market. Treasury bo ...
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BU 110 Personal Financial Planning SMC First Class Course

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... • Several chapters on money and credit in Robinson’s (1956) The Accumulation of Capital. – the loaned amounts depend on the interest covering ratio, that is, the ratio of (profit) income to due interest payments. – the borrowing power of entrepreneurs will depend on “the strictness of the banks’ sta ...
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Public finance

Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.The purview of public finance is considered to be threefold: governmental effects on (1) efficient allocation of resources, (2) distribution of income, and (3) macroeconomic stabilization.
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