Purpose – Using quarterly data for a sample of 17 industrial countries, the purpose of this paper is to study asymmetry in the face of monetary shocks compared to government spending shocks. Design/methodology/approach – The paper outlines demand and supply channels determining the...

Purpose The COVID-19 pandemic has had a catastrophic impact on the tourist activity in Kenya. Global lockdown has limited travel resulting to losses in the tourism sector. This paper discusses the specific role that fiscal policy plays to improve tourism competitiveness in Kenya. Specifically,...

Procesul de migrație a existat întotdeauna, variind în strânsă concordanță cu contextul istoric, interdependența dintre țările de origine și cele de destinație, evoluția procesului de integrare europeană, precum și contextul istoric, politic, economic, demografic și...

The aim of the study is to reveal the effects of the ongoing fiscal and economic policies since the beginning of the pandemic (Covid-19) period in the world. In the study, first of all, fiscal and economic policies in extraordinary situations have been approached theoretically from a historical...

Consumption theory and analysis of consumption function are the keys in macroeconomics. It is important for the analysis of the function of savings and hence for the investment resources, long-term economic equilibrium and short-term economic fluctuations, for the analysis of conditions and...

Fiscal institutions, along with fiscal rules and budgetary procedures, are elements of the institutional environment of fiscal policy. Well pursued fiscal policy is reflected in the fiscal situation of a given country. The activities of many EU member countries and of Poland, done up till now,...

This paper aims to examine the result of implication of fiscal policy and their objectives in Romanian economy during 2000 – 2015. The analysis is focused on the expectations and results achieved through the implemented objectives of the fiscal policy. The paper draws especially on the results...

An early analysis of the imperialist implications of the surge of global commodity prices was conducted in 2014 by Jonathan Nitzan and Shimshon Bichler. However, their analysis did not consider how the US monetary and fiscal expansionist policies have contributed to the rise of global commodity...