By Ajay Shah, on July 23rd, 2012
Three problems afflict formal-sector finance in India today: capital controls, taxation, and financial policy. The most important financial products traded in the formal sector in India — the stock market index (Nifty) and the exchange rate (the rupee) — are under enormous pressure as a consequence.
One dimension, that has been emphasised in the . . . → Read More: The two escape routes away from domestic formal-sector finance
By Doug Gentry, on March 15th, 2012
Brad DeLong
University of California (Berkeley) economist Brad DeLong took my late-in-life education on economic issues to a new level. I’ve plenty more to learn, of course, but I enjoyed his discussion.
Here’s a snippet from his article in the Seeking Alpha web site:
In such a setup, the conclusion of Mankiw and . . . → Read More: Monetary vs. Fiscal Policy
By Rok Spruk, on December 7th, 2009
Douglas Holtz-Eakin, former CBO director, discussed the negative effects of the new fiscal policy in the U.S (link).
By Rok Spruk, on October 7th, 2009
Robert Barro and Charles Redlick wrote an op-ed in WSJ (link) on their original paper (link) where they discuss the macroeconomic effects of fiscal stimulus and construct long-term time-series on U.S macroeconomic data to examine whether real GDP increases follows the spending multipliers and whether reductions in marginal tax rates, rather than spending increases, . . . → Read More: The Macroeconomic Effects Of Stimulus Spending
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