fiscal - Economics Students Society of Australia

fiscal

A collection of 3 posts

Keynesian Euphoria to Budgetary Restraint

Keynesian Euphoria to Budgetary Restraint

It’s been over 5 years since the heights of the financial crises, and yet the global economy still appears to be in a persisting slump. Albeit of the nascent pick up in economic activity amongst the largest economies, mainly China, US and Europe, unemployment in most parts of the

If the Economy was like a Car

If the Economy was like a Car

If I were to use an analogy to demonstrate the effects of monetary policy and fiscal policy on the economy I would first say the economy is much like a car and GDP is much like the speed at which the car is driving at. The key assumptions are that

Putting the Australian Budget in a Global Context

australian government budget balance

Putting the Australian Budget in a Global Context

There will be a lot of people tuning into Wayne Swan’s budget speech on Tuesday night, and not just from within Australia. Provided that the Treasurer delivers a much-hyped budget surplus (despite a softening in tax revenues due to the global slowdown), he will be able to claim that