Group items tagged

This is a very interesting article because it presents a well-known health care reform in the context of a supply-side policy. The article is about how Republicans have been blaming Obamacare for having negative supply-side effects on the economy and the labour force by reserving budgets for subsidising the system.

Republicans believed that supply rather than demand was to be blamed for the economy's state. However, there has been clear evidence that the job market was held back due to low demand. The article then starts to delve int Obamacare and how it had negative supply-side effects on the economy.

Obamacare is nothing new - it has been debated about for months, if not years, in one shape or form. This problem with Obamacare is that it has negative supply-side effects. These effects were offset by a half, with the presence of Medicaid, but now that the subsidies for health care have shrunken, the marginal tax rate would rise, thus discouraging people to find work and keep working. Politicians are pushing for supply-side reforms, but the Congress isn't budging due to the possibility that Obamacare, an expensive and time-consuming venture, might be scrapped.

This article evaluate fiscal and monetary policy in reference to a real world example, and go over the benefits of supply-side policy. It suggests another course of action for the US government, one where supply-side policy would be emphasised rather than any demand-side policy, because the author states that the economic stagnation is not a demand-side problem. Easy article that evaluates policies in a clear way.

The article states in a very clear way which supply-side policies are effective and describe their advantages and drawback. It also refers to the usual 'conventional' policies that can do more harm than help. It ends with a recipe for the proper use of supply-side policies.

This is an article concerning the Reserve Bank of India and its problem with inflation. The article discusses how the Govenor of the Reserve Bank of India will commit to his supply side policies in order to reduce in inflation by January next year. Very simple but interesting read that could spark one's interest into further investigating the issue.

This article deals with Kansas economy. Gov. Sam Brownback has increased taxes for the lowest- income families while the high- income families have a reduction in their taxes. He believes that it is a long- term strategy to make Kansas more competitive. 

This article concerns the challenges facing the new leader of Indonesia, Joko Widodo, specifically the prospect of fiscal stimulus to the economy, the breaking down of government bureaucracy, and the supply-side reforms that may make this possible. It also discusses the personal experience Widodo has in combatting similar challenges as Jakarta Governor, and concludes that, on their own, supply-side reform will not "boost the economy in the short term, but announcing some positive reforms should encourage investors and that should help with the demand side as well."

This article from the London Evening Standard details how the IMF have warned the UK government over remaining household debt and the dangers it poses to the economy. The IMF have also called for 'supply side measures... to safeguard housing affordability' - a growing problem in both London and the UK as a whole.

The article talks about how job creation needs to be created by the use of supply side policies.

This article highlights the objectives of candidates who are running to be mayor of the city of Portland. They discuss what their vision is and how they could reach it. Some of their goals is improving infrastructure which is an interventionist supply side policy. The article also highlights some macro economic objectives such as growth and lower unemployment 

This article demonstrates how the BBC monopoly was ended in 1955. It shows that monopoly is a bad thing and that it actually harms the consumer ( in this case the people who watched Tv). BBC's monopoly was somehow used to change people's point of view or to make them think in a certain way. This demonstrated the negative sides of a monopoly. 

This article talks mainly about economics in the UK and how we have two different sides (left wing and right wing (Tories) ) and the article is quite biased, however, it has some statistics on how people in the UK feel about price controls.

Externalities of production - This article relates to how environmental disasters lead to a  negative externalaty

This article describes how processed food and fast food have many negative externalities which in the end makes them cost more than organic foods which are more expensive in the stores. Processed foods may be cheaper than organic food, however the pollution during the process of producing the food, the health problems involved and the low wages which are unpaid for are all consequences which in the end will make these foods cost more.

This article shows how demand for shares in the newly floated UK postal service Royal Mail has pushed the price up from 330p a share to 450p. This is the price in which demand is seen to be equal to supply, something the UK Government are being criticised for failing to notice as they believed 450p was a far to high price. The move itself if highly controversial and has been a hotly debated topic ever since it's proposal with many employees fearing that jobs will be lost.

I think this is really normal. Simply because private companies tend to have higher efficiency rates and therefore make more profits, this is the business part of the reason. Now if we consider the economical reason, I think that higher profits (deviants) will attract a lot more shareholders, this means higher demand. from the other side, shareholders will be willing to keep their shares as the company is making more and more profits, therefore less shares supply. So in short, more demand, less supply of shares could not lead to anything else except hiher prices and greater value of the company.

This article is about the unemployment and the negative sides of the unemployment benefits. "Whatever administrative burden they might face pales in comparison to the burdens confronting the long-term unemployed."

this is relevent to this weeks reading because it amother way of the government making changes, however here its not the government its the central bank. and acts of the central baks are more monetary poilicy as they predominantly affect AD

This article is a brief analysis of Australian government's investment in research and points out that the amount of money invested is decreasing. It also presents possible future implications of this state of affairs.

This is an article on how Russia's central bank will address the sharp oil price drop. This article relates to what we are doing because it talks about the strategy of the Russian central bank. the central bank is a key tool for the monetary policy, which we are covering right now. Also this article briefly mentioned balance of payments, and the negative consequences of the bank failing to address this issue. It was a very interesting read.

In this article, the author discuss the affects of the actions of the government in China. It is a modern topic today due to the demonstrations being held in Hong Kong. The authors mentions that the statement about entering a democracy, and then pulling back on the decision means that they were on the right track to get the market more free from the government, hence less poverty, but now he thinks it is gonna worsen the economical conditions. A free market has saved many economies, why should China still not give in for the human rights and improve their economy?