Suchergebnisse

In the rush to assess the causes and potential consequences of the 'Arab Spring' which has rocked much of the Arab world from the Persian Gulf to North Africa, some have been keen to place the developments in the wider context of the geo-political contest between the United States and Iran. Adapted from the source document.

'International IDEA Handbook on Democracy Assessment' by David Beetham, Sarah Bracking, Ian Kearton and Stuart Weir is reviewed.

Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate."[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanced bud

Argues that if the US tackles its fiscal deficit in the next four years, a large amount of money would be removed from the global economy. The implications of any Bush administration efforts to fix the US economic ledger for the rest of the world are contemplated. In Europe, political harmony & economic cooperation would suffer, economic growth might be arrested by central bank threats of interest rate hikes, & the transatlantic relationship might see some strain. Japan fears most a drop in the US deficits, with a real political crisis likely should Bush realize his claim of cutting the deficit in half. Japan is unable to match such a scenario with any kind of expansion of its own & politicians are likely to counter it with a monetary policy that while maintaining export-led growth will reverberate dissonantly across Asia. Japanese structural reforms are one way to rebalance global growth. It is then argued that China's reaction to US deficit cutting would be the largest & most unpredictable. Potentially, slowed economic growth & deepening financial troubles could ensue. While an unchecked US fiscal deficit is a dangerous phenomenon, success in shrinking that deficit carries a political price for the world.

Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanc.

This study is an attempt to explore the short-term and long-term effects of
the fiscal deficit along with other macroeconomic variables on the
deteriorating trade deficit of Pakistan from 1980 to 2018 by using time
series estimation techniques. The result of the autoregressive distributed
lag (ARDL) bounds testing approach and error correction term revealed the
existence of cointegration among variables of interest. The estimated
long-run and short-run results of the ARDL approach showed a significant
positive effect of fiscal deficit on Pakistan's trade deficit in the
short-run, whereas a significant adverse effect is observed in the long-run.
The findings validated the twin deficit hypothesis in the short-run, whereas
twin divergence proposition is observed in the long run. The study suggests
prudent fiscal and monetary policies to make macroeconomic conditions
favorable for the development and competitiveness of domestic production
sectors engaged in the international trade.