THE GLOBAL FINANCIAL CRISIS AND EASING OF MONETARY AND FISCAL POLICIES IN KENYA: HAS THE ECONOMY ACHIEVED INTERNAL AND EXTERNAL BALANCE? CEC 702: Macroeconomics I Assignment One Submitted by: Peter Kitonyo Registration No.: X80/81901/09 To: Dr. Rose Ngugi 29th January 2010 THE GLOBAL FINANCIAL CRISIS AND EASING OF MONETARY AND FISCAL POLICIES IN KENYA: HAS THE ECONOMY ACHIEVED THE INTERNAL AND EXTERNAL BALANCE? Introduction The global financial crisis continues to cause a
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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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Discuss how the government can use discretionary fiscal policy and automatic stabilisers to stabilise fluctuations in real GDP. What tools does the government have at its discretion to stabilise the economy? Suppose the government decides to decrease income taxes. Show in a diagram and explain how this policy will lead to an increase in real GDP. Explain how potential output may be affected. A discretionary fiscal policy refers to deliberate changes in the level of government spending‚ transfer
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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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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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It increased regional autonomy within a united Nigeria. It created larger and more representative regional legislatures with increased powers. It also created a concurrent list with 19 subjects on which both the regional and central legislatures’ could legislate and in the event of conflict the regional law was to prevail. ’The Lyttleton constitution of 1954 further promoted federalism in the country. The constitution saw the full‚ romance of Nigeria with federalism‚ thus making Nigeria a full- fledged
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Polley Ancient History – Cities Of Vesuvius James Polley Ancient History – Cities of Vesuvius Question 1 Economy Ancient economies are seen in two different perspectives; a modern economy‚ with money making strategies and exploits‚ and the local economy idea where local needs where satisfied with limited resource exploitation and technological development. Whatever type of economy the cities of Vesuvius were though‚ it is clear that large amounts of wealth was being obtained through various
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What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment‚ inflation‚ recession‚ etc.)? What fiscal policies and monetary policies would be appropriate at this time? THE PROBLEM: US is the leading economy of the world but is under a recession since 2008 or so. Unemployment is at record high and is the biggest problem areas for policy makers. No jobs means consumer confidence and business sentiment also suffer. The problem stared
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Expansionary fiscal policy is a form of fiscal policy in which a decrease in taxes‚ and/or an increase in transfer payments are used to correct the problems of a business-cycle contraction. The goal of expansionary fiscal policy is to close a recessionary gap‚ stimulate the economy‚ and decrease the unemployment rate. I will now evaluate the view that expansionary Fiscal Policy is always beneficial to the UK’s macro-economic performance. One way expansionary fiscal policy can be beneficial to the
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“Fiscal cliff” is the popular shorthand term used to describe the conundrum that the U.S. government will face at the end of 2012‚ when the terms of the Budget Control Act of 2011 are scheduled to go into effect. Three hours before the midnight deadline on January 1‚ the Senate agreed to a deal to avert the fiscal cliff. The Senate version passed two hours after the deadline‚ and the House of Representatives approved the deal 21 hours later. The government technically went "over the cliff‚" since
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