1996; Wyplosz, 2005) have suggested the delegation of selected macro dimensions of fiscal policy to an independent fiscal institution similar to the delegation of monetary policy decisions to independent central banks. However
fiscal policy, whereas a reduction in government spending or an increase in net taxes or a combination of these are expected to contract an economy and are referred to as contractionary fiscal policy. While on the other hand, monetary policy,...
In the course of the last three decades, the national saving to income ratio, which has traditionally been regarded as fairly stable at least in the medium run, has undergone profound changes, especially among the industrialized countries. These changes
The analysis is developed within the context of urban systems within three countries: the USA, UK and Germany. The administrative, fiscal and policy systems of these three countries are described and the recent development of fiscal structures is assessed. Fiscal imbalances are argued generally to ...
Imports increase when the economy grows, and they increase faster when the USA grows faster. (“Production” is an inclusive term meaning whatever increases individual standards of living and personal flourishing, even if it is a cheap toy from China “to produce” your baby’s smile.) The ...
Here we show that a large amount of BC emissions produced in India and China—a region of BC emissions to which the HTP is more vulnerable compared with other regions—are related to the consumption of goods and services in the USA and Europe through international trade. These processes lead...
Wisconsin has a conservative fiscal policy and experienced thelowest state and local tax burden in 50 yearsin 2022, according to a report by the Wisconsin Policy Forum. Lower taxes keep the state more affordable for residents and businesses. According to the Energy Information Administration, Wiscons...
Overnight, Micron issued an unexpectedly upbeat forecast for its fiscal first quarter, projecting profits of $1.74 per share on $8.7 billion in revenue. This surpassed market expectations, which had predicted profits of $1.65 per share on $8.28 billion in revenue, according to consensus ...
It shows how the emphasis of monetary policy on minimizing risks associated with financial dollarization and the improvement in fiscal policy has further contributed to the effectiveness of the policy response against capital reversal episodes, such as in the wake of the collapse of Lehman Brothers....
Lynch RG (2004) Exceptional returns: economic, fiscal, and social benefits of investment in early childhood development. Economic Policy Institute, Washington, DC Google Scholar Mihalopoulos C, Vos T, Pirkis J, Smit F, Carter R (2011) Do indicated preventive interventions for depression represent...