Posts Tagged ‘fiscal policy’

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    The PIIG’s Progress

    Nov 3, 10 • 219 Views • No Comments

    Almost everyone seems to be debating the same issues. Spend less, tax more, or both? Now perhaps Portugal has made some progress. Hoping to bring its budget deficit down to 4.6% of GDP in 2011, their VAT will ascend to 23%. But will they cut public sector pay...  [read more]

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    Cyclical or Structural?

    Oct 9, 10 • 247 Views • No Comments

    Economists still cannot agree. With the new unemployment rate, at 9.6%, the same as the old unemployment rate, one question remains the same. Is it a jobs mismatch, contractionary lay-offs, or a third economic ailment? The diagnosis you choose will determine...  [read more]

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    Unemployment Benefits or Losses?

    Sep 1, 10 • 188 Views • 1 Comment

    Recently, Denmark decided that 4 years of unemployment benefits were too long. Shrinking their duration to 2 years, they said that 1) the longer people are out of a job, the harder it is to find one and 2) too many people wait for benefits to expire before...  [read more]

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    Apples, Oranges, and Government Pay

    Aug 22, 10 • 221 Views • No Comments

    Hearing that federal employees earn more than people working in the private sector, how should we respond? Let’s look at the facts. Assessing someone’s earnings involves salaries and benefits.  According to the BEA (Bureau of Economic...  [read more]

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    Unopened Stimulus Packages

    Aug 19, 10 • 177 Views • No Comments

    Economists recently have been debating whether the $787 billion 2009 stimulus package has helped the economy. Perhaps first they should ask what has been spent. For a variety of reasons, recipients of stimulus money are not spending it. Dollars destined for...  [read more]