Tags » Fiscal Policies

How Decentralized Is Your State?

In the U.S., states have full authority over local government. Some states strictly centralize power and leave local government little to do. For instance, Hawaii has a single school district for the entire state, so that different localities cannot choose to spend different amounts on the government schools. 850 more words


Fiscal Decentralization and Budget Discipline in Russian Regions

Authors: Michael Alexeev, Indiana University, Nikolay Avxentyev and Arseniy Mamedov, Russian Academy of National Economy and Public Administration.

We use panel data from the Russian regions for 2005-2013 to estimate the link between intraregional fiscal decentralization and regional budget deficits. 1,455 more words


The short-run between inflation and unemployment

The trade-off between inflation and unemployment was first reported by A. W. Phillips in 1958—and so has been christened the Phillips curve. The simple intuition behind this trade-off is that as unemployment falls, workers are empowered to push for higher wages. 764 more words

Exchange Rates

Great Read

Hello world. Today’s read is from long time Daily Telegraph columnist Liam Halligan. Halligan has accurately pointed to flaws in the current economic revival attempt and has pointed the finger at the current recovery effort in its unfortunate failures to lead to genuine economic growth. 27 more words

Fiscal Policies

2012 UK Case Study: The extent international macroeconomic development as compared to domestic policy has been the reason for the slowdown and recession

With the 2011 slowdown followed by two consecutive contracting quarters of -0.2% and -0.3% (BBC, 2012), the UK have entered a double dip recession. Many experts have blamed this on the tight fiscal and loose monetary policies implemented in the UK. 2,635 more words


Great Read

Hello World.

Liam Halligan has a reputation as a straight-talking, logical and insightful journalist and this piece is no different. In his piece in The Telegraph… 67 more words


Get your fundamentals right – World Bank boss tells Ghana

By Frank Owusu-Ofori

World Bank Group President Jim Yong Kim has advised Ghana to get her fundamentals correct so the country can properly absorb the tapering from international markets. 504 more words