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Fiscal Essay Topics & Paper Examples

Effectiveness of Alternative Fiscal Responses to the Recent Global Recession

There is no consensus among economist as to why estimates of fiscal multipliers are less reliable guides to the effectiveness of alternative fiscal responses to the recent global recession. At the onset, Baldwin (2009) asserts that there is yet no solution to stop the global economic crises. However, everyone agrees that fiscal stimulus plays a key role in reducing the length and depth of the recession. Unfortunately, the lack of clarity on fiscal policy made it quite uneasy for economist to make accurate estimates (Baldwin). Baldwin noted that while other nation such as the United States, the U. K. and Japan have urgently responded by committing to fiscal stimulus, others such as Germany however do not see its urgency. This…

Food security

All efforts to bridge the gap between government estimates and the Sonia Gandhi-led National Advisory Council over the Food Security Act are coming up against a central concern posed by the Congress chief: How can the selection criteria ensure the poor and deserving don’t get left out? NAC members who interact with the government point out that Sonia repeatedly underlines her personal experience over the years during visits to deprived areas where she has found that the poor are simply not counted in any state survey and are denied any benefits. The Congress chief’s poser that the inability of the poor, particularly tribals and dalits, to access below poverty line cards needed to tap official welfare schemes will defeat the…

Foreign exchange market

Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability. The official goals usually include relatively stable prices and low unemployment. Monetary theory provides insight into how to craft optimal monetary policy. It is referred to as either being expansionary or contractionary, where an expansionary policy increases the total supply of money in the economy more rapidly than usual, and contractionary policy expands the money supply more slowly than usual or even shrinks it. Expansionary policy is traditionally used to try to combat unemployment in a recession by loweringinterest rates in the hope that easy credit will…

Economic Topics

Discuss how the government can use discretionary fiscal policy and automatic stabilisers to stabilise fluctuations in real GDP. What tools does the government have at its discretion to stabilise the economy? Suppose the government decides to decrease income taxes. Show in a diagram and explain how this policy will lead to an increase in real GDP. Explain how potential output may be affected. Any government program that tends to reduce fluctuations in GDP automatically is called an automatic stabilizer. The reduction in economic activity automatically reduced tax payments, reducing the impact of the downturn on disposable personal income. Furthermore, the reduction in incomes increased transfer payment spending, boosting disposable personal income further. Fiscal policy is the use of government expenditures…