Macroeconomic Monitor
Начало / 2013 (страница 12)

2013

How did Estonia do in 10 years what we promise in 20?

The years of transition can be characterized with many epithets, including “controversial,” “uncertain,” “disappointing,” and perhaps someone with a more optimistic view of the period would use words like “successful,” “dynamic,” or “inevitable.” However, one thing stood out as an irrefutable trend during these years, and that is precisely the long lists of …

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Ten myths about Margaret Thatcher*

Left-wing commentators have been using argumentum ad nauseam against Margaret Thatcher's government - the accusations are the same no matter how much evidence they are refuted by or how many times they are proven wrong. Some of their claims have been debunked by Alistair Heath on City AM, but that doesn't stop the anti-Thatcher squad from...

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Guest article: The 10 measures of the UDF

We continue with the topic of election campaigns and programs, focusing on the parties on the right. And the UDF opened its election campaign with 10 measures (of which I will look at 8, because the other 2 are not available) that will "modernize" Bulgaria (or at least they won't take it back).

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DSB does not make a big left turn*

After reviewing the economic programs of three parties – GERB, BSP and DBG – in the previous issue of the weekly bulletin, we continue the review with the recently published document by “Democrats for a Strong Bulgaria” (DSB). To some extent, the policies set out in it are surprising as more market-oriented than we would have expected, following the recent appearances of individuals …

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Guest article: Banking lessons from Cyprus

However, the imposed capital controls and the "haircut" have the positive effect of directing public attention to the essence of fractional banking and the fact that the "conservative" method of saving - the bank deposit - is in practice a loan to institutions that cannot possibly fulfill all their obligations and need ...

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Guest article: Offshore, offshore

Cameron's government was forced to turn to business as the culprit for the tax gap - large companies such as Starbucks and Amazon were accused of avoiding taxes and paying less than their "fair share".

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How central banks decided we didn't need a risk premium

Central bank intervention in financial markets distorts the supply and demand of various asset classes, which has repercussions on the productive structure of the economy and the consumption and saving behavior of individuals. Eliminating the risk premium is only part of the central bank's portfolio of vices.

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