Group items tagged

The article I chose is very interesting, it shows the fiscal policies taken by the German government and the effects these fiscal policies have on the country. The author of the article also included diagrams in his article. It was very helpful to the concept illustrated.

The U.S. is working on fixing it's fiscal policy. Congress is workig for "a stopgap spending measure to keep the government running for the last six months of this fiscal year". The U.S. is cutting it's spending and creating a budget to lower the gap in the debt that the U.S. is in. In the month of February, the spending was down by 3% from the year before as well. The government also had a temporary tax cut that brought in more revenue for them as well.

This article talks about how the government is aiming for a federal budget surplus this year, and how the government needs the states to ease fiscal policy to do so. The goal is more public spending.

This is an article about a statement that the world bank said. The bank essentially referenced how the Ukraine already has a fiscal policy but the could improve growth by making it tighter.

04/15/2013| 02:55am US/Eastern Recommend: Press release 15 April 2013 Ministry of Finance The global financial and debt crisis is now in its fifth year. The Government is continuing to counter the weak economic situation with a responsible fiscal policy for jobs and stability.

economy has been worsening since 2010. This has led to an increase of 65 billion pounds. The IFS has to take fiscal measures to reduce expenditures, but will try to aviod these measures if possible.

Everybody has an opinion and I for one understand this debt crisis very little. It's not that I don't think it's important, it's that I'm very vague on who exactly we owe money to, what the current plan is to pay it off, and why everyone else is up in arms about this. The econ modules in the textbook section this week said that, sometimes, the government *wants* the budget to be at a deficit. I still don't understand why but, my guess is, the US's current situation is not a good demonstration.

Fiscal policy is the set of policies relating to government's spending and taxation rates. Military spending is a part of government spending and is closely related to domestic industries, particularly in the U.S. The U.S. government is lowering the military budget, therefore decreasing aggregate demand both through government spending and through implications to other industries interwoven with military. So this is deflationary fiscal policy, which is reducing U.S. military power on a global scale.

The article talks about the importance of budget planning and spending.

This article talks a lot about the recent "fiscal cliff" that congress or some government branch put together to ensure that the two United States parties, the democrats and the republicans, tried to come to some sort of agreement on where cuts can be made to try and fix the deficit. What's interesting about this article, more than the content itself, is the site it links to which talks a lot about how individual cities are doing their part to try and fix up the country. The fact is, the US has gotten some very bad grades lately (whatever that means), so mayors and representatives are getting citizens to invest in projects that will cost a lot of money but will go a long way toward a better future. Fixing up public resources, like water ways and levies, is crucial to trying to build a better community, even if the effects are long term. This is probably the closest we'll see to a sustainable economy.

The article talks about the Marget Thatcher and her monetary policies including fiscal policies. It is a review and comparison to today.

This article discusses the failed prediction from most economist regarding the future of governmental cuts and taxes. The eading is mst interesting, as you get insight to the reasoning behind the prediction, and also the reason why they failed, which is becase the Federal Reserve's unexpected numbers and interest rates.

economists thought higher taxes and government spendings were going to delay economic growth in the first quarter of the year, but economic data has so far proven them wrong.

Now, I'm not much of the political type but, when I saw this title, I have to admit it drew me in. After about the first five or six sentences you can tell this is an article from the far left of the political spectrum (that being the hardcore democrats), but what I found really interesting about this article was how it looked at supply-side policy as this conservative dooms day device, rather than a neutral policy that can be used to anyone's advantage. I still think it is a strategy with its pros and cons, just like monetary or fiscal policy, yet it is interesting to see how it might benefit one social group more than another and how its implementation can lead to many economic issues.

This is a very small article, but it summarizes how the Italian budget deficit will be decreased as the EU will help the government. In fact, the EU will work with the Italian government to repay the debts, therefore decreasing the national debts and help the government reach a balanced budget.

The article talks about topic covered already in the title, with some interest to the growth of industry of southern euro-zone countries and exacerbation of German and French production. So obviously, here I can refer to PPF where resources (also human capital) are being used more efficiently; here is the movement inside existing frontier or perhaps even outward shift with improved quantities and qualities of goods (especially capital). Nevertheless, economists still fear the euro-zone might fall in recession again if there are two quarters of consecutive fall (if the economy contracted). The market clearing price of many durable goods can be determined only to some extent, due to the presence of outside disturbance (fiscal and banking crisis - therefore always introducing new policies and bail-out deals). Another thing associated with the previous sentence and the article is the price mechanism (interaction of demand and supply) which allocates resources. Under unstable circumstances which are currently taking place in euro-zone, incomes are plummeting (falling GDP per capita) except for some particular periods of time when the economy meets actual growth, meaning that there is less demand leading to an inverse effect for producers. Normally, producers wish to supply more at higher prices, especially if income of people soars so they buy more of that goods. Therefore, higher prices do not present an incentive for producers to produce more. All the producers want to increase their producer surplus; but the trend is clear - towards maximized community surplus, since producers depend on consumers' utility.