FISCAL MANAGEMENT By: Ruth Ann L. Musngi When I first came across the topic of Fiscal Management and read the outline of the course‚ I realized that effective and efficient fiscal management is tantamount to good economic governance. Good governance is considered to synonymous with sound development management (Bertucci‚ 2000). As discussed‚ an effective and efficient financial management would include thorough and advance planning in order to develop budgets and to guide expenditures
Premium Governance Finance
Discuss the extent to which supply side policies are effective in reducing inflation. Inflation is the consistent rise of price levels over a period of time. Inflation has two main causes: cost push and demand pull. Cost push inflation occurs when rising production costs cause the aggregate supply curve in the short run to shift outwards- see fig1‚ whereas demand pull inflation occurs due to an increase in demand when the economy is operating near full employment- see fig 2. Supply side factors
Premium Economics Inflation Supply and demand
The evolution of inflation between 1989-2000- short overview As in other centrally planned economies‚ most consumer prices in Romania were fixed before the 1989 revolution. However‚ with the liberalization of economic policy dramatic changes occurred and high inflation was‚ and still is‚ expected to remain one of Romania¡¦s key short-term economic concerns. The evolution of Romania¡¦s annual inflation rate (year-end to year end or one year inflation) after 1989 started with a relatively moderate
Premium Inflation
1 Friday January 9 11:48:08 2015 Page 1 ___ ____ ____ ____ ____(R) /__ / ____/ / ____/ ___/ / /___/ / /___/ Statistics/Data Analysis User: 2 Project: 3 ___ ____ ____ ____ ____ (R) /__ / ____/ / ____/ ___/ / /___/ / /___/ 13.0 Statistics/Data Analysis Special Edition Copyright 1985-2013 StataCorp LP StataCorp 4905 Lakeway Drive College Station‚ Texas 77845 USA 800-STATA-PC http://www.stata.com 979-696-4600 stata@stata.com 979-696-4601 (fax) Unlimited-user Stata network license expires 27 Jun
Premium Variance Analysis of variance
The State Bank of Vietnam a snapshot of monetary policy during 2011 – 2013 in reviews ABSTRACT: Using the data and analytical works collected from a public domain which including printed and online newspapers‚ financial magazines and public reports on the monetary policy of the State Bank of Vietnam during 2011 to 2013‚ this study provide a snap‐shot of the Vietnam Economy in the views of monetary policy. The students is also provides analytical works where these policy linkage to knowledge which obtain from Macro Economic subject
Premium Inflation Monetary policy Money supply
IMPACTS OF MONETARY POLICY SHOCKS ON THE DOMESTIC AND FOREIGN BANKS IN MALAYSIA Salina Hj Kassim Turkhan Ali Abdul Manap Department of Economics Kulliyyah of Economics and Management Sciences International Islamic University Malaysia Jalan Gombak 53100 Kuala Lumpur ABSTRACT This study investigates the impact of monetary policy shocks on bank loans extended by local banks and foreign banks in Malaysia over the period from January 1991 to December 2006. It adopts the impulse response
Premium Bank
TOPIC AN INQUIRY INTO THE PERPETUAL FISCAL DEFICIT IN ZIMBABWE. IS TAXATION THE SOLUTION 1.1 Background Zimbabwe‚ once a vibrant and diversified economy and hope for Africa’s future‚ was on the verge of collapse had it not been for the introduction of the multi-currency system after the formation of the inclusive government. It has had a perpetual fiscal deficit post 1990 accompanied by high inflation‚ negative economic growth‚ high unemployment and a reduction in the standard of living as
Premium Public finance Tax Deficit
The fiscal responsibility legislation has been considered as the fiscal profligacy by all economic experts. New Zealand was the first exemplar of this particular act in the year 1994 and is cited as the country that has had a successful outcome of this law. This Fiscal Responsibility Act has been accepted by many experts as a model‚ and from an economist’s point of view‚ it is conceptually and theoretically elegant. However it is very important to highlight that the enactment was passed by a government
Premium United States Management Finance
Inflation Facts 1. In economics‚ inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. 2. As inflation rises‚ every dollar will buy a smaller percentage of a good. For example‚ if the inflation rate is 2%‚ then a $1 pack of gum will cost $1.02 in a year. 3. A dollar from 1950 is now worth only $0.12 4. The term “inflation” is from the Latin term inflare‚ meaning to “blow up or inflate‚” and it was first used in a monetary sense
Premium Inflation Money
The Fiscal Cliff By: Shannon Mannella Macro W 6-8:45 What is the fiscal cliff? I asked myself this question before righting this paper. I though “why do I need to know about the fiscal cliff”‚ well I guess because I have to right about it. But seriously I think that there is no real answer to that question‚ I think that we all just pretend like we know what it is to move past that subject. Well at least it was a good laugh to think so. So the term fiscal cliff is a term they use to describe
Premium Taxation Tax Taxation in the United States