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Abhinav S

Political regulation inhibiting fiscal policy - 0 views

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    The article discusses the stability and growth Pact that regulates EU member states' budgets, and its impact on fiscal policy on member nations. Another dimension of fiscal policy is its political implications, and the article articulates this dilemma. Particularly in the case of the EU, where one government's spending has an effect on all other countries as the currency is common, a government's fiscal policy adjustments have political impacts. thus, aside from the economic implications, governments must consider the political ramifications of their actions before implementing fiscal policy.
Sondos 2

GAVIN KEETON: Good times will test Gordhan's fiscal principles - 0 views

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    The thrust of fiscal policy in South Australia since 1994 towards reduced budget deficits and the elimination of government dissaving (borrowing to fund consumption, mainly salaries) was opposed from the outset from within the ruling alliance, with calls for a larger role for the state in the economy being accompanied by demands for increased government spending and larger deficits. With president Thabo Mbeki 's departure in 2008 brought about in part by the same political elements, there were reasons for believing that fiscal policy might change. But the global financial crisis and the local recession instead took precedence over policy debates within the alliance. Budget deficits rose and interest rates fell, but for cyclical reasons and not ideological pressures.
Sondos 2

Yes - fiscal policy hurts - 0 views

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    This article discusses how, in some circumstances, fiscal policy has no knock-on effect onto private spending. This is the case when government debt is high (over 60 per cent of GDP) and when exchange rates are flexible.
Jaewan H

Living Without Discretionary Fiscal Policy - 0 views

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    The article discusses about unefficiency of fiscal policy and claims that many countires nowadays do not really run fiscal policy
Sondos 2

Office for Budget Responsibility - 0 views

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    The UK started reducing government expenditure, easing its fiscal policy to compensate for debt: There are a couple of notable points raised by the BRC in the Outlook: one is their view of economic growth and the other is the number of job losses caused by the Chancellor of the Exchequer, George Osborne's public spending cuts. The BRC state that they believe the UK economy will continue to recover but at a slower pace than after the recessions of the 1970s, 80s and 90s. They put this "sluggish outlook" down to "the gradual normalisation of credit conditions, efforts to reduce private sector indebtedness and the impact of the Government's fiscal consolidation."
Michael M

Obama's Fiscal Policy - 1 views

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    This article talks about Obama's fiscal policy with regards to taxes on the rich, and the benefits/limitations of increasing or decreasing taxes on specific income brackets.
Jackson Mote

Reagan's fiscal policy would have been unconstitutional under amendment proposed by Sen... - 0 views

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    This article is about a fiscal policy that President Reagan believed in which is now being debated as unconstitutional. Although it is the past, many believe that it can no go unnoticed throughout eternity.
Sondos 2

A cure for fiscal failure? - 0 views

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    Many rich countries' debt levels are uncomfortably close to 150-year highs, despite relative peace in much of the world. There is a no easy way out. For now, low world interest rates are restraining debt-service costs, but debt levels can be reduced only very gradually over long periods, whereas real (inflation-adjusted) interest rates can rise far more quickly, even for rich countries. More examples regarding indebted countries and whether or not they should reconsider their fiscal policies to relieve their debt are further discussed in the article.
Wonwoo C

A stimulating notion - the idea of giving flagging fiscal boost is back in fashion - 0 views

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    Ever since the stagflation that followed the Keynesian economic policies in the 70s, the notion that government planning is our best bet at bringing back the economy has faded away. However, in recent years, Keynes's ideas are being implemented once again in the form of Keynesian style of fiscal policy
Merab K

Fiscal policy top priority for Mideast governments - 0 views

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    This article talks about the Mideastern countries. Recent events have in that region have led to many short-term effects. One of those many effects is increase in government expenditure. However, the priority for the governments remains to be fiscal policy, which requires major reform to be sustainable.
Sondos 2

15 Years of Cuts Said to Enrich the Rich; Supply-Side Policies Put Tax Burden on Middle... - 0 views

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    In a new study of federal fiscal policies between 1977 and 1992 entitled "Inequality and the Federal Budget Deficit," the nonpartisan group concludes that the tax cuts enacted in that period enriched the wealthy, increased the tax burden of the middle class, and grossly inflated the national debt. The study concludes that the tax cuts have resulted in lower overall federal tax burdens for only the very poorest and very richest of U.S. taxpayers. Most other families are paying a greater percentage of their family income to the government than they would be if the tax code had remained unchanged since 1977.
Sondos 2

An Exclusive 'Path to Prosperity' - 0 views

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    "The chain of logic for supply-side policies to work requires the following. Lower tax rates on savings (or on those who save more) leads to higher saving rates. Higher saving leads to more economic investments and greater capital accumulation. Finally, more capital leads to greater economic growth. At each of these steps, however, there is reason to doubt the theory-there are other possible outcomes and conflicting theories. Rep. Ryan's plan is supply-side economics on steroids. His budget for fiscal year 2012 beginning in October would curtail spending, end Medicare as we know it, and reduce taxes on the wealthy while keeping overall tax revenue constant. This can only mean taxes will go up on the "nonwealthy." Ryan boasts that all this pain will be for good. And he is backed by the Heritage Foundation, which predicts-among other fantastical claims-that his budget will add an estimated additional 1 million jobs in 2012. Those 1 million jobs, however, are fictional."
Sondos 2

G20 Summit - 0 views

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    Imposition of levies (taxes) by G20 governments to reduce government budget deficit: The G20 summit held in Canada over the weekend has confirmed the trend of fiscal consolidation which is happening in many of the major world economies in the wake of the financial crisis and recession. Leaders have agreed that debt as a proportion of gross domestic product needs to be stabilised or actually reduced by 2016 and it was noted that all the G20 countries had committed to halving their respective deficits within three years. Plans to introduce a global levy on banks have, as expected, been dropped although the summit confirmed that member countries would be free to introduce their own measures. The UK introduced a levy in the emergency Budget last week and some other European countries also have plans to do so...
Noah F

Obama Delivers Speech on Fiscal Policy - 1 views

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    This article discusses different approaches to recovering from the recession and the different view points of the Republicans and Democrats. It also talks about who should be taxed different amounts and how much they should be taxed.
Mitchell B

US House, Senate pass spending cut plan; Obama promises to sign - 0 views

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    This article discusses Obama's plan to use fiscal policy in order to stimulate the economy. He plans on cutting taxes based on the income group people are in.
Javier C

Global stagflation on the cards amid oil crisis threat - 0 views

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    This article talks about how fiscal policies, concretely deflationary ones, are being required because of the middle-east and north-african conflicts that have been taking place throughout the last months.
Noah F

US Republicans Set 2012 Budget Battle WIth Obama - 1 views

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    This article discusses the different views of the Republicans and Democrats on setting the 2012 fiscal budget. The US government almost shutdown because the parties could not come to an agreement on how to spend money. This is a big topic in the US right now, especially with the increasing debt.
Manuel R

Manufacturers Commend White House for Action on Export Agreements - 0 views

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    The Association of Equipment Manufacturers (AEM) celebrate the policies taken by the American congress which will help them compete in new markets and will create employment thanks to the bennefits from this expansion.
Manuel R

Senate approves increase to alcohol sales tax - 0 views

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    As we all know alcohol is, nowadays, one of the main producers of externalities, an increase in taxes for it means a decrease on the demand for it.
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