Infos zum Thema macroeconomics

How can excessive public debt be avoided? This column proposes a novel solution: “vote-share bonds”. These government bonds are tied to the share of the vote that the adoption of the underlying deficit has received in parliament. A bond with a higher vote-share is considered senior. Vote-share bonds inspire fiscal responsibility, while retaining the flexibility to stabilise negative macroeconomic shocks.

Eine erste Studie untersucht den Zusammenhang zwischen makroökonomischen Schocks, dem darauf folgenden Verhalten von Banken (Kreditvergabe etc.), der Auswirkungen auf die Bankbilanzen und sich daraus ergebende makroökonomische Rückwirkungen.

It sure looks flat. You have to go to space to see that it's round, even in an airplane it looks pretty flat, doesn't it? Well, fiat currencies are like that too. We talk about Quantitative Easing as if the World is flat because Americans (who are trained to be self-centered to the point of Xenophobia from birth) don't think of their connections to other counties on this planet. To understand the American investor is to look at this map and understand that it is not a joke...

The return from a fiscal stimulus – the fiscal multiplier – remains one of the most controversial topics in economics today. This column considers the influence of expectations, of variation in recessions and expansions, and of different components of government spending. It finds that the size of the multiplier varies considerably over the business cycle: between 0 and 0.5 in expansions and between 1 and 1.5 in recessions.

I decided to ask some tax experts and political activists where, in the current personal income tax, and particularly in the top tax bracket, they think that Laffer curve peaks -- that is, what that revenue-maximizing rate is. The responses were varied, to say the least. Let's start with the experts.

The author argues that the rising inequality in wages is one of the major reasons for the current/past financial crisis. Without the weakening of the position of workers and the drop in real wages in the Reagon Era, there would have been no possibility for the creation of a bubble as the then normal wages would have been high enough to finance the growth the economy and consume the surplus output.

The International Labor Comparisons (ILC) program publishes comparable data series for: * Labor force, employment, and unemployment * Hourly compensation costs (wages and benefits) * Productivity and unit labor costs * GDP per capita and per hour * Consumer prices