scholarly journals Fiscal Policy, Unemployment Insurance, and Financial Crises in a Model of Growth And Distribution

Author(s):  
Greg Hannsgen
2011 ◽  
Vol 217 ◽  
pp. F4-F10
Author(s):  
Ray Barrell

Governments are important players in many parts of the economy, and at present perhaps the most visible is the balance they set between taxing and spending. Tax and spending polices are in part designed to redistribute resources between individuals, but they can also be used to redistribute resources over time. Governments can also use tax and spending policies to sustain or restrain economic activity, and in most countries a case can be made for using active fiscal policy in periods of clear economic distress, or in periods when it would be useful to restrain imbalances that can lead to financial crises. As a result it is difficult to gauge the appropriate stance of policy. Short-run problems have to be balanced against longer-term needs, and mistakes are common. In the UK, for instance, in the six years up until 2008 the balance of policy was perhaps too loose, whilst over the next five years it is probably too tight, even though deficits are projected to be higher than they were before 2009.


2010 ◽  
Author(s):  
António Afonso ◽  
Hans Peter Gruener ◽  
Christina Elisabeth Kolerus

2008 ◽  
Vol 205 ◽  
pp. 14-17 ◽  
Author(s):  
Ray Barrell ◽  
Tatiana Fic ◽  
Ali Orazgani

The US economy appears to have avoided a technical recession this year. In the June issue of the quarterly accounts, which are considered as the first full estimate for the first quarter, first quarter GDP rose by 1 per cent on an annual basis, compared with 0.6 per cent growth recorded the quarter before. The relatively good growth was driven by net trade, with exports expanding at an annual rate of 5.3. The first-quarter contribution of net exports to GDP growth accounted for 0.8 percentage points of GDP growth expressed in annual terms.


Author(s):  
Michael Anthony Lewis

This article covers basic economic concepts, as well as their relevance to social welfare policy. It defines economics, and follows this with discussions of microeconomic concepts, such as market, demand, supply, equilibrium price, and market failure. Next, it takes up discussions of macroeconomic concepts, such as gross domestic product, aggregate demand, inflation, unemployment, fiscal policy, taxes, and free trade. As these economic concepts are discussed, they are related to social welfare policies, such as Social Security, Unemployment Insurance, and Temporary Assistance for Needy Families.


2013 ◽  
Vol 45 (6) ◽  
pp. 793-801
Author(s):  
Roland Craigwell ◽  
Troy Lorde ◽  
Winston Moore

Author(s):  
António Afonso ◽  
H. P. Gruner ◽  
Christina Elisabeth Kolerus

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