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Now showing items 1-3 of 3
The big picture: macro economics of outlays and outcomes
(2005-10-25)
The Fiscal Responsibility Act has been bypassed in the budget with
a failure to achieve the fiscal deficit target and by a reduction in
the share of capital expenditures. Special purpose vehicles and
public-private ...
A leap in the dark: the fiscal-monetary nexus
(2005-10-25)
The orientation of fiscal policy should be on fiscal correction and
long-term issues. Aggregate demand management is then the
exclusive domain of monetary policy which by initiating a softer
interest rate regime can ...
Hitching employment to a growth strategy: services bulge and productivity growth
(2005-10-27)
An employment-oriented growth strategy requires a strategy of public investment
in agriculture and promoting new technology, including the inputs embodied in those
technologies. The bulge of employment in services is ...