Fiscal Policy
Expenditure Multiplier (12/14/2009)
Total expenditure could be a multiple of the injected stimulus if most of the additional income is spent.
Total expenditure could be a multiple of the injected stimulus if most of the additional income is spent.
The Greek Debt Tragedy (5/12/2010)
Heavily indebted Greece was taken to task by bond investors who demanded higher yield to offset higher default risk and rating agencies who threatened to downgrade its bonds.
Heavily indebted Greece was taken to task by bond investors who demanded higher yield to offset higher default risk and rating agencies who threatened to downgrade its bonds.
Front Loading (5/12/2010)
Cash for clunkers and home-buyer tax credit provided huge subsidies for each incremental sale but failed to sustain the car and housing markets.
Cash for clunkers and home-buyer tax credit provided huge subsidies for each incremental sale but failed to sustain the car and housing markets.
Shaky Union (5/12/2010)
Even though members of the European Union have no control over their domestic monetary policies, their undisciplined domestic fiscal policies can still wreak great havoc for the financial health of the Union.
Even though members of the European Union have no control over their domestic monetary policies, their undisciplined domestic fiscal policies can still wreak great havoc for the financial health of the Union.
Domestic Content (5/13/2010)
Economic stimulus might end up stimulating foreign economies more than the domestic economy when the US is so dependent on imports.
Economic stimulus might end up stimulating foreign economies more than the domestic economy when the US is so dependent on imports.
