Slide 1 The Financial and Economic Crisis Lecture Four: The implications for fiscal policy and structural reform Mike Kennedy Slide 2 Some definitions Budget balance = Total…
GCFF Title Page Shanghai dECEMBER 9th 2010 Thoughts on the Ongoing Global Financial Crisis/Recession Robert J. Barro Harvard University 1 Origin of Financial Crisis/Recession…
Alternative Proposals for Non Convertible Currency Regimes Why has Output and Employment Declined? Lack of aggregate demand Inventory liquidation Delayed fiscal response…
FISCAL RESPONSES TO ALLEVIATE POVERTY IN THE COUNTRY How are government expenditures financed? From revenues consisting of taxes and non-tax sources collected by BIR, BOC…