Coming to the issue of the impact of the new economic policy on the vulnerable sections‚ Rangarajan argues‚ "analytically‚ we need to address two sets of issues. One is whether the new economic policy affects in any way the specific policy measures that we normally undertake in order to improve the conditions of the poor. Second‚ is there anything in the new economic policy which per se has an anti- poor bias? The new economic policy which may be a convenient expression to refer to the measures
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Are monetary disturbances and fiscal deficits inflationary? Empirical evidence from Malaysia Associate Professor Dr Tan Juat Hong College of Graduate Studies‚ Universiti Tenaga Nasional‚ Malaysia ABSTRACT: The study uses the VAR model to investigate the responses of domestic inflation to monetary and fiscal policies‚ with output as the scale variable. The results show that domestic inflation responds positively to monetary policy shocks but not to fiscal deficits. If one assumes the velocity of
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Running head: MONETARY POLICY/MACROECONOMIC IMPACT PAPER Monetary Policy/Macroeconomic Impact Paper Heather Robinson University of Phoenix MMPBL 501 04/25/2010 Introduction The Federal Reserve Board (FED) utilizes tools to control or manipulate the money supply‚ these tools affect macroeconomic factors such as inflation‚ unemployment and interest rates‚ which ultimately determine a country’s GDP. To recommend the best monetary policy combination I will discuss the tools used by
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substantial period of time‚ they have a string brand presence‚ and the word Sainsbury instantly brings a supermarket to one’s mind. The branding and marketing have been key strengths of the company since they have been able to distinguish in the minds of the customers what the company stands for. They are a highly visible organisation with supermarkets across UK and in other nations as well. The orange colour used for the Sainsbury logo is very traditional and pivotal to the campaign. Weaknesses -
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POLICY PROPOSAL TO FURTHER STRENGTHEN LOCAL FISCAL CAPABILITIES Optimal Revenue Administration Over the decades‚ the Philippines has suffered from persistent fiscal imbalances‚ resulting in consistently low delivery of public services such as infrastructure‚ education and health among others and up to this time we continue to borrow money from other countries just to compensate with a very low revenue collection. Our foreign debts continue to eat up our budget (comprising 19% or ___ billion pesos)
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2008 Recession in America “It is not about how hard you fall‚ but how you get up and keep going.” Economic recession may be a natural phenomenon in the world’s economies. Every market has its peaks and falls‚ definitely the United States of America has hers. In 2008‚ USA experienced another tragic downfall when her market went down and unemployment rate charged up. Millions of workers lost their jobs; from the young‚ the old‚ the whites‚ Asians‚ Latinos‚ both men and women. Distress filled every
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The Fiscal Stimulus‚ Flawed but Valuable But I’m also an empirical economist who’s spent a career trying to estimate the effects of monetary and fiscal policy. So let me put on my empiricist’s hat and evaluate what we know about the legislation’s effects. After listening to Representative Paul Ryan in the vice-presidential debate‚ you might think that careful evaluation isn’t needed. In his view‚ we spent $800 billion on the stimulus‚ yet unemployment still rose to 10 percent — so obviously it
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Introduction According to a article by Rich Karlgaard from forbes. During the great recession. U.S economy was performing better then expected and was growing. From 2008 to 2010‚ U.S GDP is projected at 14.3 trillion‚ 14.2 trillion‚ 14.6 trillion. So how did this actually happen? Carl Schramm‚ who heads America’s top entrepreneurial think tank‚ the Kauffman Foundation‚ explain in a interview with the author: “The single most important contributor to a nation’s economic growth is the number of startups
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PUBLIC FINANCE POLICY REPORT FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT AND ITS IMPACT ON THE STATES BY: NIPUN KHEMKA(10HS20028) MOHIT KHETPAL (10MA20030) Introduction: Since its external crisis of the early nineties‚ India has witnessed a turnaround on most indicators of macro-economic performance. The process of economic reform‚ including widespread liberalization and reduction in protectionism‚ launched in 1991‚ and steadily pursued thereafter has yielded positive results
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THE USE OF FISCAL INSTRUMENTS IN SUSTAINABLE BUILDING POLICIES M.M. Sunikka1 Abstract Although progressive government guidelines and knowledge about sustainable building exist‚ sustainability measures are not adopted in large scale. Several barriers have been identified‚ especially the perceived costs of implementing environmental management and the lack of market demand. The choice of fiscal instruments is an important issue in sustainable building policies. This paper presents an analysis
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