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The IMF, International Monetary Fund, points out that US's economy is likely to see a 1.5 or 2% growth without the tightening fiscal policies. IMF also points out that there is very low private demand in Great Britain. They suggest government to adjust its initial fiscal plans. We can see that this relates to the use of fiscal policies and their impacts. Here, we can notice that instead of boosting economic growth, US fiscal policies, which I believe is the fiscal cliff. The government's plan is to increase tax rates and decrease government spending. This could possible reduces income and slows the growth of the economy.

I chose this as my article for this week because I am very interested in France as a nation, as I am in French A language and literature HL, and I have to follow french media outlets for a unit in this class. French fiscal policy is a common subject of discussion, so as a result I spend a lot of time reading about similar topics. This particular article discusses the impact a country's fiscal policy can have on firms in that nation. 

It is an article about the important of fiscal policies in the emergent economies, where the fiscal policies remain very conservative. The fiscal policy would be very helpful to continue the economic growth and create jobs. The fiscal policy is a very good method to encourage greater consumption or investments, and as when know, when there is an increase in investments or consumption there will be an increase in the aggregate demand. Axa Framlington fund manager Julian use as example the Mexico's economy that is demonstrating a strong economic growth because they use efficiently the fiscal policy.

The brazilian government is easing their fiscal policy as they plan to increase spending in the near future. They will ease some rules which forced it to account for higher spending by states and cities to ensure their fiscal policies were met. For example, they are reducing the taxes. This will help them with government expenditure.

This article discusses the problems facing fiscal policies concerning cutting taxes and increase government spending

The United States remains desperate for faster growth and stronger job creation as it continues its slow recovery from the 2009 recession. Peter Blair Henry, the dean of NYU's Leonard N. Stern School of Business states private investment is falling $1 trillion short per year due a to disputes over the "fiscal cliff," the federal borrowing limit and other issues." Monetary policy and fiscal policy are working at "cross purposes" - one is expanding while the other contracts." Governments should save money during times of economic prosperity and spend it to boost the economy when growth decreases. Lawmakers should prioritize predictability in policymaking to trigger private investment and government investments, particularly in education, should be off-limits to cuts. Henry points out that a solution to closing the wage gap is to produce more skilled workers. Raising taxes on the highest tax bracket may also be part of the solution to overall sustainability concerning the fiscal side, but not a solution for income inequality.

Fiscal policy, which is now the "opposite" of ideal, is going to be a drag on the economy in the near term and is a primary reason the Federal Reserve should press ahead with its $85 billion-a-month asset purchase program, said William Dudley, the president of the New York Federal Reserve Bank, on Monday.

This article talks about a innovative way of using fiscal policies

In the article, the author discusses about US government fiscal policy, which has been carrying might be very dangerous because it would cause inflation increasing, even though it did make the unemployment rate fall. The author also talks about Paul Ryan and Irwin arguments. However, if we had runaway inflation, we'd have political pressure in the opposite direction and overcorrection and deflation should be some things that bother governors as well.

This article might not be as relevant to fiscal policies as the ones from my peers. But I think it is important how the government distributes the money received from the taxes. In the article the author talks about the money that the US government allocates for the aid projects in Afghanistan. Millions tax of dollars were ate up with no results. Those money ended up in the Talibans' hands. It is interesting to read and understand that not always the money received from taxes are effectively used.

What this article talks about is the two points of view, which are completely different in nature, to why the US economy is failing. The one point of view is that there is too little aggregate demand and an excesive supply of wasted potencial. The other view is that there is too much government intervention. It talks about how the recession has effected investments and aggregate demand and therefore decreased the average wages of the country. The article states that a solution to the problem would be the fiscal policy where the governmnet would lower percentage taxes in order for the rich to start investing again. This would then promote the recovery of the economy.

Medical devices encompass an extremely wide range of products, such as surgical gloves, dental instruments, wheelchairs, coronary stents, artificial knees and hips, defibrillators, cardiac pacemakers, irradiation equipment, and advanced imaging technology. The U.S. medical device industry has estimated total sales of $106 billion to $116 billion a year. A few large firms account for the lion's share of this revenue. For example, Johnson and Johnson's worldwide sales of medical devices and diagnostics totaled $26 billion in 2011; the firm had total sales (on both medical devices and other products) of $65 billion, on which it earned profits of nearly $10 billion. Medtronic had $16 billion in sales and profits of $3 billion in its 2011 fiscal year. One trade group has estimated that the ten largest medical device makers will account for 86 percent of the sales of covered medical devices and hence pay 86 percent of the receipts from the excise tax.

The article talks about Japan's monetary problem in bond markets, which has threatened to undermine the country's battle to end deflation and stimulate growth in the giant economy. This causes the banks to expand the monetary base. However, Japan is still in debt and now it has more money struggles. Governor Haruhiko Kuroda is looking for a way to combat falling price and he declares that he will even double Japan's monetary base. But again, the debts of Japan is "twice as much as the size of the country", thus Japan is vulnerable to rising borrowing costs. Fortunately, the government uses pushing government spending, boosting asset prices by raising asset price inflation expectation, and increasing the country's GDP as solutions; and they do work.

This article talks about the tragedy of commons. The governments are ignoring that instead of reducing the costs and the money used in the public sector they could try to cause an economic growth. This would be better for everybody because the economic growth reduces the deficits better than spending cuts. If we are doing spending cuts in the future we will have to spend a lot of money to fix the common resources and facilities used by all, including our air, water, and public infrastructure. If the problem amount then we will have more difficulties to solve them in the future, we can't leave them for the future generations because we have created those problems and we must solve them.

The British Columbian government has stated in its newest budget a tax increase for incomes over 150,000 dollars and a permanent 1 percent increase for corporate taxes. In the 1990s, the NDP government has implemented a similar tax hike in the hopes of increasing revenue, yet the opposite happened as the rich found ways to evade taxes and even worse found no incentive to work harder. However in 2001, the liberal party slashed taxes and revenue slowly, but surely increased. It is a period of waiting as the new tax increases take effect and to see if past still holds true, or if the future will be brighter.

This article shows how there are regional trade barriers within Africa.

The leaders of five East African countries signed a protocol on Saturday laying the groundwork for a monetary union within 10 years that they expect will expand regional trade.

This article is about the East African Community (EAC) choosing to pass a monetary union deal. The trade comprising of Kenya, Rwanda, Uganda, Burundi and Tanzania has decided to adopt a single currency for all the five countries. They plan to converge their currencies and establish a central bank, helping them to harmonize fiscal policies and increase commerce. Kenyatta, the leader of the biggest economy in the east Africa say that 'Businesses will find more freedom to trade and invest more widely, and foreign investors will find additional irresistible reasons to pitch tent in our region'.

The author of the article talks about Indonesia. It focuses on the attempts of central bank of Indonesia to defend the rupiah, "which has slid some 12 percent so far this year amid a global emerging markets rout." The currency has fallen to its weakest levels since April 2009, as worries about the country's current account deficit and high inflation rate have sparked a sell-off of Indonesian assets. Sudden declines in rupiah and local stocks over the last week, necessitated central bank to take part. Emergency fiscal and monetary policies that were announced last week, had done little to improve the current situation. Therefore, currently to protect its currency, Indonesian central bank attempts to raise the rates.