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Tanzania: Public Expenditure and Financial
Tanzania: Public Expenditure and Financial

... transferred without instructions on what they are for + Large sums sitting in LG accounts earning interest but no instructions on how the interest should be spent. • Transfers for school construction biased against remote ...
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PDF Download

... In fact, to date r has been negative, since recorded earnings on US investments abroad have continued to exceed foreign earnings on investments in the United States despite a negative NIIP since the late 1980s. Moreover, total returns on foreign investments substantially exceed recorded earnings, an ...
Issue II 2016 - Signature Investment Advisors, LLC
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... Coming out of the Great Recession, the nation’s undivided economic attention has been focused on monetary stimulus (Bernanke, Yellen, Europe, Japan, etc.) while Congress remained absent in providing any measure of fiscal stimulus. In fact, Congress hasn’t merely failed to stimulate domestic growth; ...
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... cit reduction. Indeed, a series of ...
would more infrastructure spending stimulate the
would more infrastructure spending stimulate the

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... balanced analysis of the global economic crisis and its impact on both developed countries as well as on developing and transition economies. In outlining the pitfalls of export led growth, the UNCTAD report argues that ‘development strategies that give a greater role than in the past to domestic de ...
Ghana Economic Snapshot H2, 2016
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full version ( ppt ) - Institute for Fiscal Studies
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Chapter 10 - Duluth High School
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Thank you very much for inviting me here today. I`m flattered to
Thank you very much for inviting me here today. I`m flattered to

... 2. The surplus member-states need to strengthen domestic demand The German government is right to call for reform in Southern Europe. But weak domestic demand in Germany also threatens the sustainability of the eurozone. If the eurozone economies with large external surpluses will not or cannot reba ...
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Austerity

In economics, austerity is a set of policies with the aim of reducing government budget deficits. Austerity policies may include spending cuts, tax increases, or a mixture of both. Austerity may be undertaken to demonstrate the government's fiscal discipline to their creditors and credit rating agencies by bringing revenues closer to expenditures.In most macroeconomic models, austerity policies generally increase unemployment in the short run, as government spending falls reducing jobs in the public or private sector or both, while tax increases reduce household disposable income and thus consumption. The U.S. Congressional Budget Office illustrated this when comparing unemployment under alternative fiscal scenarios.Unemployment increases safety net spending and further reduces tax revenues, partially offsetting the austerity measures. Government spending contributes to gross domestic product (GDP), so reducing spending may result in a higher debt-to-GDP ratio, a key measure of the debt burden carried by a country and its citizens. Higher short-term deficit spending (stimulus) contributes to GDP growth particularly when consumers and businesses are unwilling or unable to spend. This is because crowding out (i.e., rising interest rates as government bids against business for a finite amount of savings, slowing the economy) is less of a factor in a downturn, as there may be a surplus of savings.In the aftermath of the Great Recession, austerity results in Europe have been as predicted by macroeconomics, with unemployment rising to record levels and debt-to-GDP ratios rising, despite reductions in budget deficits relative to GDP. Eurostat reported that unemployment in the 17 Euro area countries (EA17) reached record levels in March 2013, at 12.1%, up from 11.0% in March 2012 and 10.3% in March 2011; and that the overall debt-to-GDP ratio for the EA17 was 70.1% in 2008, 80.0% in 2009, 85.4% in 2010, 87.3% in 2011, and 90.6% in 2012. Further, real GDP in the EA17 declined for six straight quarters from Q4 2011 to Q1 2013. The U.S. Congressional Budget Office estimated in August 2012 that if the U.S. implemented moderate austerity measures, the unemployment rate would rise by over 1% and economic growth would be significantly reduced in 2013. The U.S. partially avoided the ""fiscal cliff"" through the American Taxpayer Relief Act of 2012. U.S. unemployment has fallen steadily from a peak of 10% in early 2010 to 5.3% by July 2015.
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