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Single Bottom Line - Dalberg Global Development Advisors
Single Bottom Line - Dalberg Global Development Advisors

... international charities, etc. These programs were not just philanthropy; they also involved the companies’ employees in activities that could help morale and improve loyalty. Philanthropy was later joined (and in some cases supplanted) by corporate social responsibility, a concept whose popularity b ...
Fiscal Policy - Cherokee County Schools
Fiscal Policy - Cherokee County Schools

... pump money into the economy, then the labor supply should increase along with the number of jobs available.  However, the unemployed, who benefit from increased transfer ...
ECN202 Practice Questions: Domestic Money
ECN202 Practice Questions: Domestic Money

... d. should stop focusing its attention on stabilizing the money supply It was very clear - start looking at money supply 13. We know that both fiscal and monetary policies can be used to manage the macro economy and that there are times when one might be more effective than the other. What if you kne ...
How Public Pension Funding Practices Can Lead to Significant
How Public Pension Funding Practices Can Lead to Significant

... n Adequacy: Contributions, together with investment income, should be sufficient to pay promised benefits as they come due, under a range of economic conditions. n Intergenerational equity: Achieving intergenerational equity requires paying the costs of pension benefits over employees’ working lifet ...
Fiscal Policy
Fiscal Policy

... • States that spent more lost fewer jobs • Estimated effects • Cash for Clunkers • Incentives to purchase new homes ...
NBER WORKING PAPER SERIES THE DEVELOPED WORLD’S DEMOGRAPHIC TRANSITION –
NBER WORKING PAPER SERIES THE DEVELOPED WORLD’S DEMOGRAPHIC TRANSITION –

... The developed world is about to experience an unprecedented demographic change. In virtually all OECD countries, people are getting older – a lot older. And everywhere the reason is the same – a dramatic baby boom followed by an equally dramatic baby bust, all accompanied by a remarkable increase in ...
FairShareTaxes blurbs
FairShareTaxes blurbs

ECO 212 Principles of Macroeconomics List of Formulas
ECO 212 Principles of Macroeconomics List of Formulas

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Chapter 15: Fiscal Policy Learning Goals
Chapter 15: Fiscal Policy Learning Goals

... 4. The debt to GDP ratio reached a peak at the end of World War II in 1945. It then generally fell until 1974. From 1974 to 1992 the ratio rose; it then fell from 1992 to 2002, when it started to increase again. E. The U.S. Government Budget in Global Perspective 1. Figure 15.5 compares government b ...
Lecture 2 - Comparative Economic Development
Lecture 2 - Comparative Economic Development

... • In the 1970s economists considered if official income numbers were a good reflection of differences between countries • For example, an income of $200 per year would not be enough to live in the US (not even necessities could be purchased on this income) • Thus, converting the income in one countr ...
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6-3

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Module 21

... • Assume the economy is in recession and the government has increased G to boost employment and real GDP. • AS some consumers find jobs and increased income, they start paying more taxes and disposable income falls. • As Yd falls, it slows down the multiplier process. • This may avoid a situation wh ...
The Future of Europe
The Future of Europe

... take place, especially if restrictive measures are taken by several countries together. ...
Here Are the Facts  By MARTIN FELDSTEIN THE WALL STREET JOURNAL
Here Are the Facts By MARTIN FELDSTEIN THE WALL STREET JOURNAL

... financed by further borrowing rather than by raising taxes, this option is limited by the need to prevent an explosive rise in the debt-to-GDP ratio that would occur if borrowing alone were used to pay future interest costs. Borrowing only postpones the time when taxes have to be paid. Whenever fina ...
Macro Chapter 11- presentation 1 Fiscal Policy
Macro Chapter 11- presentation 1 Fiscal Policy

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Bank of England Inflation Report May 2013

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Monetary Policy
Monetary Policy

... Change in the monetary policy stance is communicated through adjustment in the policy rate – the overnight rate at which SBP provides collateralized cash to bank(s). If required, changes in the Cash Reserve Requirement (CRR) and Statutory Liquid Reserve requirement (SLR) are also made. ...
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... the actual decisions about monetary policy  The Fed is a central bank; it conducts monetary policy for the U.S. and regulates financial institutions  The Fed changes the money supply through open market operations  The Federal funds rate is the rate at which one bank lends reserves to another ban ...
FedViews
FedViews

... Short-term corporate financing rates have also been dropping steadily. The commercial paper market, which was thrown into chaos following the Lehman Brothers bankruptcy in September, has been showing signs of healing. Spreads on commercial paper relative to the federal funds rate are now even lower ...
Why has the Cuban Economy Grown so fast since the Mid
Why has the Cuban Economy Grown so fast since the Mid

... elimination of Soviet/Russian assistance. Subsidies were slashed as part of the far-reaching stabilization plan of 1994; and since then they have been on a downward trend. In line with this policy change, estimated disguised unemployment fell steadily after 1994. This decline was the major reason fo ...
AP US Government & Politics Review Part V
AP US Government & Politics Review Part V

... 2. Voters see connections between national economy and personal situation 3. People do not always vote their “pocketbooks”—they frequently vote based on current condition of national economy, even if their own situation is better—they see indirect or future effect ...
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... 2. Voters see connections between national economy and personal situation 3. People do not always vote their “pocketbooks”—they frequently vote based on current condition of national economy, even if their own situation is better—they see indirect or future effect ...
Peak Performance Trust - Employee Ownership Australia
Peak Performance Trust - Employee Ownership Australia

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Contributions to Global Growth - Faculty Directory | Berkeley-Haas
Contributions to Global Growth - Faculty Directory | Berkeley-Haas

... linkages, it becomes important to distinguish shortrun and medium-run effects • In the short-run, because the production relations are hard to adjust, the negative effects tend to be big – perhaps comparable to the hard landing scenario in the GPM simulations • In the medium-term, however, productio ...
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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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