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THE EFFECTS OF FISCAL POLICY IN ITALY
THE EFFECTS OF FISCAL POLICY IN ITALY

... increases to a peak of 1.29 cents at the 15th quarter.2 Their results imply a cumulative multiplier (i.e. the ratio of the cumulative change in GDP to the cumulative change in government expenditure) close to 0.5 at the 4th, 8th and 12th quarters, reflecting leakages through the trade channel.3 The ...
The Effects of Fiscal Policy on Output in Belize
The Effects of Fiscal Policy on Output in Belize

... deficits and taxation have equivalent effects on the economy. It stresses that a cut in current taxes to stimulate aggregate spending leads to higher future taxes that have the same present value as the initial tax cut to meet future debt service payment costs (Barro, 1989). Thus, a decrease in publ ...
COMPREhENSivE ANNUAl FiNANciAl REPORt
COMPREhENSivE ANNUAl FiNANciAl REPORt

... also legally separate, is presented separately in the statements. Additional information regarding these component units can be found in the notes to the financial statements (See Note #1). The Township also participates in a joint venture with the Western Township Utilities Authority. Canton Townsh ...
G20 Labour Markets in 2015: Strengthening the Link between
G20 Labour Markets in 2015: Strengthening the Link between

... This economic weakness has gone hand-in-hand with persistently weak labour markets. The aggregate unemployment rate across the G20 rose from 5.1 to 6.0 per cent between 2007 and 2009, and remained elevated at 5.8 per cent in 2014. Labour force participation rates have declined in several G20 countri ...
Forward Looking Statements Non-GAAP
Forward Looking Statements Non-GAAP

... realized investment gains or losses and guaranty fund assessments or recoupments that do not reflect normal operating results. We believe operating income presents a useful view of the performance of our insurance operations, but should be considered in conjunction with net income computed in accord ...
Money and Inflation
Money and Inflation

... I caused the German government’s expenditures to greatly exceed revenues. The government could have obtained revenues to cover these increased expenditures by raising taxes, but that solution was, as always, politically unpopular and would have taken much time to implement. The government could also ...
large cap growth review - North Carolina State Treasurer
large cap growth review - North Carolina State Treasurer

... We focus on a few key statistics in determining which mangers fit well in the NC SRP Large Cap Growth fund. One of the key characteristics for measuring down market performance is Downside Capture, which is the percentage of the market’s negative performance that the manager also produces. The Downs ...
Rebalancing the Northern Ireland economy March 2011
Rebalancing the Northern Ireland economy March 2011

... NIE, using a combination of both reserved and devolved policy levers. This paper discusses issues in three areas. 1.9 Firstly, it describes action by the UK Government, using reserved policy levers, which will benefit all areas of the UK. As announced at June Budget 2010 the UK Government has taken ...
NBER WORKING PAPER SERIES Mihir A. Desai
NBER WORKING PAPER SERIES Mihir A. Desai

... The evidence indicates that repatriated returns attributable to U.S. direct investment abroad exceed new foreign investments by significant margins. Between 1982 and 2010, the repatriated earnings from the foreign affiliates of U.S. companies exceeded net capital investments abroad by their U.S. par ...
IOSR Journal Of Humanities And Social Science (IOSR-JHSS)
IOSR Journal Of Humanities And Social Science (IOSR-JHSS)

... scenarios and profitability ratios. In this report I have gather a huge spectrum of data from 2000-2005 financial statements of BIN-QASIM and then compare them with financial statement that corporation has displayed after purchasing this PAKSAUDI fertilizer. Ratio figures move towards boom in a rock ...
S2009519_en.pdf
S2009519_en.pdf

... expansion, which was particularly strong from 2003 to mid-2007, when problems in the subprime mortgage market in the United States spread to other markets and regions. The crisis impacted the financial systems worldwide and had important effects on markets for goods and labor, especially since Septe ...
Does Raising Contribution Limits Lead to More Saving? Evidence
Does Raising Contribution Limits Lead to More Saving? Evidence

... account for the vast majority of retirement income for most Americans. 9 Contributions to both of these accounts are tax-deductible in the year the contribution is made (up to an annual limit). 10 For 401(k)s, employee contributions are often supplemented by matching employer contributions, up to a ...
2015 Annual Report With Form 10-K
2015 Annual Report With Form 10-K

... manufacturer of communication papers—from everyday copy paper to paper used for reports like this one, or for your favorite book. We have a paper option for just about any application. We market recognized brands such as Xerox® Paper and Specialty Media, Cougar®, Lynx® Opaque Ultra, Husky® Opaque Off ...
Comprehensive Annual Financial Report
Comprehensive Annual Financial Report

... The City of Susanville is a General-Law City incorporated under California law in 1900. The City operates under the City Council/City Administrator form of government. The people of Susanville elect five Council Members, from which the City Council chooses the Mayor and the Mayor Pro-Tempore. The Ma ...
FINDING THE OPTIMUM TAX RATIO AND TAX MIX TO
FINDING THE OPTIMUM TAX RATIO AND TAX MIX TO

... and health and in a balanced budget context sufficient funding is required to provide these services to the public. Clearly, the secret is to find the optimum level of taxes to optimise economic growth without disturbing the morale of the general public (Rosen, 2005). At this optimum tax level, econ ...
15.2 THE CPI AND OTHER PRICE LEVEL MEASURES The
15.2 THE CPI AND OTHER PRICE LEVEL MEASURES The

... • 48 million Social Security benefit payments • 22 million food stamp payments • 4 million pensions for retired military personnel, federal civil servants, and their surviving spouses • the budget for 27 million school lunches ...
The CPI and the Cost of Living C H A P T E R   C H E C K L I S T
The CPI and the Cost of Living C H A P T E R C H E C K L I S T

... • 48 million Social Security benefit payments • 22 million food stamp payments • 4 million pensions for retired military personnel, federal civil servants, and their surviving spouses • the budget for 27 million school lunches ...
Choosing Not to Choose - The Australia Institute
Choosing Not to Choose - The Australia Institute

... compulsory nature of the Superannuation Guarantee (SG). Workers are not required to ‘do anything’ in order to start building super savings; super moneys are deducted automatically from pay packets by employers in much the same way as income taxes. While the SG has resulted in dramatic increases in s ...
Working Paper 29: Overcoming barriers to institutional investment in
Working Paper 29: Overcoming barriers to institutional investment in

... Therefore, one potential route forward is for institutions to sit behind RSLs and provide financial backing for an agreed target rate of return. This was described by one fund manger who stated that ‘if you had an RSL and the RSL would give you an overriding lease with some sort of indexing, you’re ...
Optimal Tax Timing with Asymmetric Long-Term/Short
Optimal Tax Timing with Asymmetric Long-Term/Short

... We also show that adopting the optimal trading strategy can be economically important. For example, consider the alternative strategy of immediately realizing all losses and long-term gains but deferring all short-term gains, as most of the existing literature recommends. We find that the certainty ...
Chapter 29(14)
Chapter 29(14)

... In the labor market, unanticipated inflation redistributes income between workers and employers. In addition, unanticipated inflation can hurt both workers and employers: ♦ Higher than expected inflation leads workers to quit their jobs to search for better paying positions. These workers have a per ...
The DOL`s Final “Fiduciary” Rule—Countdown to
The DOL`s Final “Fiduciary” Rule—Countdown to

... ing whether, in what amount, in what form, and to what desti- ...
Green Budget - Institute for Fiscal Studies
Green Budget - Institute for Fiscal Studies

... Talavera, for their chapters on the outlook for the UK economy and the global economy. We are delighted to work again with ICAEW. In addition to providing financial support for the Green Budget, they have contributed two valuable complements to our own detailed analysis of the public finances: a cha ...
The impact of high and growing government debt - ECB
The impact of high and growing government debt - ECB

... threshold would have a negative effect on economic growth. Confidence intervals for the debt turning point suggest that the negative growth effect of high debt may start already from levels of around 70-80% of GDP, which calls for even more prudent indebtedness policies. We also find evidence that t ...
Differing views on monetary policy - Bank for International Settlements
Differing views on monetary policy - Bank for International Settlements

... policy discussion. As far as I understand it, these objections are that monetary policy should have more objectives than stabilising inflation and unemployment or other real-economy objectives than stabilising unemployment. The objectives of price stability and the highest sustainable employment – f ...
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Pensions crisis

The pensions crisis is a predicted difficulty in paying for corporate, state, and federal pensions in the United States and Europe, due to a difference between pension obligations and the resources set aside to fund them. Shifting demographics are causing a lower ratio of workers per retiree; contributing factors include retirees living longer (increasing the relative number of retirees), and lower birth rates (decreasing the relative number of workers, especially relative to the Post-WW2 Baby Boom). There is significant debate regarding the magnitude and importance of the problem, as well as the solutions.For example, as of 2008, the estimates for the underfunding of U.S. states' pension programs range from $1 trillion using the discount rate of 8% to $3.23 trillion using U.S. Treasury bond yields as the discount rate. The present value of unfunded obligations under Social Security as of August 2010 was approximately $5.4 trillion. In other words, this amount would have to be set aside today such that the principal and interest would cover the program's shortfall between tax revenues and payouts over the next 75 years.Some economists question the concept of funding, and, therefore underfunding. Storing funds by governments, in the form of fiat currencies, is the functional equivalent of storing a collection of their own IOUs. They will be equally inflationary to newly written ones when they do come to be used.Reform ideas are in three primary categories: a) Addressing the worker-retiree ratio, via raising the retirement age, employment policy and immigration policy; b) Reducing obligations via shifting from defined benefit to defined contribution pension types and reducing future payment amounts (by, for example, adjusting the formula that determines the level of benefits); and c) Increasing resources to fund pensions via increasing contribution rates and raising taxes.
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