Fiscal Policy & Business Cycles


Contents:

  • Thus all incarnations, good and evil included, may be working toward a common goal. The bordello is the best on earth.

    Even so, it must be recognized that the improvement of fiscal outcomes in the years and has also been achieved thanks to the strong influence of exceptional factors, such as a high rate of economic growth; higher than expected world oil prices; appreciation of the exchange rate and historically low interest rates. An overview of them gives a good idea of different central government initiatives to balance its budget. In such circumstances, a windfall in revenue exacerbates the struggle for fiscal redistribution, as each interest groups tries to appropriate its share without fully internalizing the consequence of its own demand on general taxation. There is no doubt that during the last years, the government made progress on structural reforms and public finances consolidation. Even though the size of the fiscal deficit at the end of the nineties was smaller than the one observed during the early eighties, its correction proved to be more diffi cult due to its almost exclusive central government origin.

    Back at bel-azar, finn was dragged from the ramparts by the nadir.