Category: Fiscal Economics

Joe Biden ‘forgot’ American Youth

Joe Biden seems determined to lead the US into the future by driving bold fiscal policies they have achieved in the past. President Franklin D. Roosevelt’s New Deal, which drove the country away from the abyss of the Great Recession in the 1930s, then cost $41.7bn with a flashback and included inflation between then and

Increase in Total Demand or Recurrence of Inflation in the U.S.

US President Joe Biden, to pull the US economy out of recession, triggered by repeated economic shutdowns and social distancing in 2020 aimed at tackling the Covid-19 pandemic, has promised to promote a giant fiscal support package to boost activity in the economy equal to 9% of US GDP. The Weak overall demand in the

Is it Time for the Eurozone/EU to Issue A Perpetual Bond?

Global debt has reached 365% of world annual GDP, an amount close to $280trillion and surely no one should expect this amount to be repaid within the space of a century. The only solution that seems feasible now is its unstoppable per-financing, although in the long term this solution is not sustainable, since it has

Pandemic Forces Governments to Adopt Socialist Economic Policies

The ever-increasing implementation of the monetary policy, which, due to the pandemic and its measures to deal with economic shutdowns and social isolation, in other words the continuous printing of money, is being used to cover the damage caused to economies while providing state aid to both workers and businesses (in the form of subsidies

The greater the proportion of the population in an economy that does not have a bank account, the more difficult it is to achieve sustainable growth and social well-being

The economies that are underdeveloped and cannot optimise the development of their economy while disseminating economic growth to their entire population are those in which a large part of the population does not have a bank account and access to bank transactions. According to World Bank ( data in most Latin and Central American countries

The Criteria for Whether a Fiscal Adjustment Is Successful or Not

The term fiscal adjustment refers to all those policies implemented by a government to achieve a future stable economic orthodoxy, i.e. to improve the fiscal balance by drastically reducing the annual state budget deficits. The reduction of the state budget deficit must reach the level of 1.5% of GDP or 1.5% of GDP as a

Turkish Economy Crisis Reflects Turkish Lira Crisis

The Crisis of the Turkish Lira is a direct consequence of the crisis of the Turkish Economy. The fall of Turkey’s national currency continues. In 2016 and specifically before the effort to established a coup in Turkey, the Turkish lira and $USD exchange rate was at USDTRY: 2,93 (June 10, 2016) while last week it

The Greatest Fiscal Deal in History

The decision of the Brussels summit is historic given that European leaders have agreed to borrow together on an unprecedented scale for historical data. On 21 July, after five days of continuous consultations, European leaders (27) decided to strengthen the euro and sink spreads, creating a climate of euphoria for investors. However, doubts remain as

The Resilience Of The Philippine Economy

The Philippine economy has so far shown a high degree of resilience to the economic crisis that has hit the planet, both in developed economies and in the economies of developing countries due to the Covid-19 pandemic. The stability of the Philippine currency against the $USD shows its due to the truth as to the

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