On the day, that the official unemployment figures fell to 7.8%, there was also news that more than 1,700 people applied for 8 positions at Costa Coffee in Nottingham. (Independent) The labour force survey suggests that here are currently 2.50 million unemployed people, down 14,000 on July to September 2012 and down 156,000 on a …
Interesting post by David Blanchflower about the best form of economic stimulus – Here’s a way to end the slump (Useful for any economic student wishing to understand marginal propensity to consume – mpc) A fiscal stimulus could involve a tax cut or government spending increase. This should increase overall aggregate demand, and boost economic …
Recently, there has been much focus on US public sector debt – the total amount the government borrows. These graphs show the combined debt levels of both the public and private sector. Private sector debt is split up into households, non-financial companies and financial corporations. In the run up to the 2007 financial crash, we …
For the past few years, it has felt a bit repetitive always asking the same question – why can’t the EU policy makers see unemployment, social exclusion and rising poverty as the real challenge facing Europe? In the current climate it is not bond yields, inflation targets or levels of debt that are the real …
A quick look at a comparison between the economies of Portugal and Spain, with the economies of the UK and US. Four countries with very different paths of unemployment.
This graph illustrates some of the different causes of the US budget deficit. Source: CBO estimates 2012 | via Krugman This shows how the deficit has been affected by certain issues. Cyclical factors Cyclical spending and lost tax revenues due to recession. Expansionary fiscal policy (economic recovery measures) Financial intervention to bailout banks and financial …
European Union For AQA Unit 4 Origins of the EU Economic Integration Single Market What it involves Efficiency of the Single Market Common Agricultural Policy Reform of the CAP Expansion of the EU Monetary Union What it involves How it affects Monetary Policy Impact of European wide inflation targeting and interest policy Arguments for Against …
Austrian economics places great stress on free markets. It argues government efforts to control the economy cycle invariably make it worse. The main criticisms of Austrian economics include: The belief in the efficiency of markets is countered by many examples of market failure. E.g. growth of subprime mortgages / securitisation leading up to credit crisis …