economic outlook
... moderate cyclical upswing. Different dynamics are also developing in labour markets in the United States, where unemployment is slowly decreasing, and in the euro area, where instead it keeps rising In the United States, growth should continue to strengthen as confidence is picking up in both busine ...
... moderate cyclical upswing. Different dynamics are also developing in labour markets in the United States, where unemployment is slowly decreasing, and in the euro area, where instead it keeps rising In the United States, growth should continue to strengthen as confidence is picking up in both busine ...
Document
... During the first ten months of 2008, VAT revenues slowed dramatically (down by 3% y-o-y), driven by a steep fall in private consumption. Revenues from other major tax categories initially held out relatively well on the back of high inflation, but these favourable effects have also started to fade. ...
... During the first ten months of 2008, VAT revenues slowed dramatically (down by 3% y-o-y), driven by a steep fall in private consumption. Revenues from other major tax categories initially held out relatively well on the back of high inflation, but these favourable effects have also started to fade. ...
8. Macroeconomic Policy and Development
... influence the level of money supply in the economy. For example, if it wants to reduce the level of money supply in the economy it can increase the bank rate. • This will make commercial banks and building societies borrow less or even stop borrowing altogether, because the cost of money has gone up ...
... influence the level of money supply in the economy. For example, if it wants to reduce the level of money supply in the economy it can increase the bank rate. • This will make commercial banks and building societies borrow less or even stop borrowing altogether, because the cost of money has gone up ...
Solutions to the debt crisis in the EU from the Slovak
... It is important to note that the public debt in most of the richest economies and well developed democracies was growing or at least did not decline sufficiently even in peaceful times with strong economic growth. Why? The root cause is that the public has not been fully aware of the threats associa ...
... It is important to note that the public debt in most of the richest economies and well developed democracies was growing or at least did not decline sufficiently even in peaceful times with strong economic growth. Why? The root cause is that the public has not been fully aware of the threats associa ...
The Multilateral Response to the Global Crisis for Emerging
... • Multilaterals should support fiscal stimulus by providing liquidity (defined as reserves over liabilities coming due in a year) – IMF can help with reserves support and MDBs with budget support (both allow safer and cheaper stimulus) – Markets and IMF monitor budget envelope and MDBs help ensure i ...
... • Multilaterals should support fiscal stimulus by providing liquidity (defined as reserves over liabilities coming due in a year) – IMF can help with reserves support and MDBs with budget support (both allow safer and cheaper stimulus) – Markets and IMF monitor budget envelope and MDBs help ensure i ...
Non-oil GDP, growth rate
... Tax administration should be improved to increase the coefficient of direct tax incomes collection in provision of state budget incomes; regulative and stimulating, aside from fiscal functions of the taxes, should be strengthened and the sources of tax debts emergence researched. ...
... Tax administration should be improved to increase the coefficient of direct tax incomes collection in provision of state budget incomes; regulative and stimulating, aside from fiscal functions of the taxes, should be strengthened and the sources of tax debts emergence researched. ...
Challenges for the UK economy
... Bank of England data on household and non-financial corporation deposit holdings and lending, including lending to individuals shows the widening gap that has until recently been reliant upon wholesale funding. This has grown from GBP150bn in 1996 to a peak of £769 billion in October 2008. ...
... Bank of England data on household and non-financial corporation deposit holdings and lending, including lending to individuals shows the widening gap that has until recently been reliant upon wholesale funding. This has grown from GBP150bn in 1996 to a peak of £769 billion in October 2008. ...
Saving
... government net tax collections over spending (T – G) – Government budget deficit is the excess of government spending over net tax collections ...
... government net tax collections over spending (T – G) – Government budget deficit is the excess of government spending over net tax collections ...
Measuring Economic Performance
... performance at a point in time and explains the immediate cause of that level of performance Compares economic conditions over time Provides a basis for formulating public policies to improve economic performance ...
... performance at a point in time and explains the immediate cause of that level of performance Compares economic conditions over time Provides a basis for formulating public policies to improve economic performance ...
The Minsky Paradox and the Structural Contradiction of Big
... bank failures rates directly measure the bankruptcy risks in the general business and the banking sector. The early big government era was characterized by low real interest rates and low business failure rates, with virtually no bank failures. The early big government era had a much more stable bus ...
... bank failures rates directly measure the bankruptcy risks in the general business and the banking sector. The early big government era was characterized by low real interest rates and low business failure rates, with virtually no bank failures. The early big government era had a much more stable bus ...
Debt and Asia’s Success*
... India has the ratio stagnated around 127 per cent and in Indonesia the rise is from 60 to just 65 per cent. There are two factors that could possibly explain the trends in and the variations across countries. First, the spike in credit provision must have been partly driven by the ...
... India has the ratio stagnated around 127 per cent and in Indonesia the rise is from 60 to just 65 per cent. There are two factors that could possibly explain the trends in and the variations across countries. First, the spike in credit provision must have been partly driven by the ...
Slide 1
... New: more capital flows • Fiscal tightening is not always appropriate – As a response to inflows when the external current account is in surplus – As a response to outflows with non-fiscal causes and ...
... New: more capital flows • Fiscal tightening is not always appropriate – As a response to inflows when the external current account is in surplus – As a response to outflows with non-fiscal causes and ...
DISSERTATION PAPER
... account deficits that are the consequence of growth inducing capital inflows and current account deficits that result in debt accumulation that cannot be sustained; most of transition economies experienced large current account deficits due to decline in output and financing by official internatio ...
... account deficits that are the consequence of growth inducing capital inflows and current account deficits that result in debt accumulation that cannot be sustained; most of transition economies experienced large current account deficits due to decline in output and financing by official internatio ...
BUDGET 2009-10
... As the customer countries are in economic depression themselves and emphasizing on domestic consumption, any measure won’t be much helpful ...
... As the customer countries are in economic depression themselves and emphasizing on domestic consumption, any measure won’t be much helpful ...
The shift and the shocks: prospects for the world economy
... – Financing while adjustment occurs, which will take at least 5 years and possibly 10 years, or more; – Adjustment via structural reforms and divergent inflation across the eurozone, with higher inflation in core countries and low inflation in vulnerable countries; – The big risk is a combination of ...
... – Financing while adjustment occurs, which will take at least 5 years and possibly 10 years, or more; – Adjustment via structural reforms and divergent inflation across the eurozone, with higher inflation in core countries and low inflation in vulnerable countries; – The big risk is a combination of ...
Fiscal Consolidation Strategy: An Update For The Budget Reform
... Committee Plan proposed on March 12, 2013 and to be voted during the week of March 18 in the House of Representatives. This plan, which contains reductions in both government purchases and transfer payments from their current trajectory (the baseline) might realistically be employed to reduce federa ...
... Committee Plan proposed on March 12, 2013 and to be voted during the week of March 18 in the House of Representatives. This plan, which contains reductions in both government purchases and transfer payments from their current trajectory (the baseline) might realistically be employed to reduce federa ...
Eduardo Cavallo
... This scenario could trigger a liquidity crisis in quite a few countries. If a country does not have sufficient international reserves to cover the debt service, it could generate a stampede by everyone who believes that the reserves are not going to be there when needed. ...
... This scenario could trigger a liquidity crisis in quite a few countries. If a country does not have sufficient international reserves to cover the debt service, it could generate a stampede by everyone who believes that the reserves are not going to be there when needed. ...
8112 (6) pempal IJB_en
... • Within this procedure, Member States, in accordance with recommendations given by the European Commission and the Council of the EU, must adopt and implement measures that should result in the correction of excessive deficits and debt and bring them within the envisaged limit until the set deadlin ...
... • Within this procedure, Member States, in accordance with recommendations given by the European Commission and the Council of the EU, must adopt and implement measures that should result in the correction of excessive deficits and debt and bring them within the envisaged limit until the set deadlin ...
Dialoguing with the IFIs at the National and International Level
... 8. IMF’s responses to trade unions’ proposals concerning anti-crisis policies (ii) • In some cases, IMF said it supported tax measures promoted by unions to finance employment measures or limit social program cutbacks (Serbia, Romania) or progressive income taxes in the place of “flat tax” (Latvia) ...
... 8. IMF’s responses to trade unions’ proposals concerning anti-crisis policies (ii) • In some cases, IMF said it supported tax measures promoted by unions to finance employment measures or limit social program cutbacks (Serbia, Romania) or progressive income taxes in the place of “flat tax” (Latvia) ...
slides wolf 2012 - Oxonia - The Oxford Institute for Economic Policy
... Jan-1985 Jan-1987 Jan-1989 Jan-1991 Jan-1993 Jan-1995 Jan-1997 Jan-1999 Jan-2001 Jan-2003 Jan-2005 Jan-2007 Jan-2009 Jan-2011 ...
... Jan-1985 Jan-1987 Jan-1989 Jan-1991 Jan-1993 Jan-1995 Jan-1997 Jan-1999 Jan-2001 Jan-2003 Jan-2005 Jan-2007 Jan-2009 Jan-2011 ...
full version - Institute for Fiscal Studies
... Notes and sources: see Figures 5.2 & 5.3 of The IFS Green Budget: February 2016. ...
... Notes and sources: see Figures 5.2 & 5.3 of The IFS Green Budget: February 2016. ...
Editorial reclaiming the ideal of public service
... Some would argue that the public services are now paying the price of the mismanagement of the financial services in the private sector. Some would argue that the public services are complacent and bloated and they need the discipline of the market to 'right-size' them. There may be elements of trut ...
... Some would argue that the public services are now paying the price of the mismanagement of the financial services in the private sector. Some would argue that the public services are complacent and bloated and they need the discipline of the market to 'right-size' them. There may be elements of trut ...
Macroeconomic Theory and Policy
... • Increasing expenditure has resulted in spending levels in excess, not only of actual revenues, but also of trend (or structural) revenues. • As a result, the increased primary deficit has been driven by an increased structural component rather than a cyclical component. ...
... • Increasing expenditure has resulted in spending levels in excess, not only of actual revenues, but also of trend (or structural) revenues. • As a result, the increased primary deficit has been driven by an increased structural component rather than a cyclical component. ...
Problems for Macroeconomics, 2/e
... A foreign fiscal expansion is likely to increase home output. A foreign monetary expansion has an ambiguous effect on home output. The increase in Y* tends to increase home output, but the fall in i* tends to reduce home output. ...
... A foreign fiscal expansion is likely to increase home output. A foreign monetary expansion has an ambiguous effect on home output. The increase in Y* tends to increase home output, but the fall in i* tends to reduce home output. ...