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Full-Text Articles in Social and Behavioral Sciences
The Effect Of Fiscal And Monetary Policy On Public Debt In Egypt, Malak Mohamed
The Effect Of Fiscal And Monetary Policy On Public Debt In Egypt, Malak Mohamed
Theses and Dissertations
The thesis aims to examine the effect of monetary policies and fiscal policies on public debt in Egypt during the period from 2006 until 2021. Egypt is witnessing aggravated levels of debt, with limited fiscal and monetary space. Therefore, the objective of the paper is to analyze the effect of discount rates, inflation rates, subsidies, taxes and economic growth on debt-to-GDP in Egypt using a VAR model with an extended test of Impulse Response Function. The results suggest that a positive shock in government expenditures initially decreases public debt but leads to a fluctuating increase in the debt-to-GDP ratio in …
Roger Altman’S 2008 Public Policy Analysis: At Fault Without The Blame, Isaac Deak
Roger Altman’S 2008 Public Policy Analysis: At Fault Without The Blame, Isaac Deak
Helm's School of Government Conference - American Revival: Citizenship & Virtue
Roger Altman published “Globalism in Retreat” in 2009, in which he offers analysis of the 2008 financial crisis, blaming free-markets and globalism as causes of the calamity, only to praise China’s “state-capitalism”, which he believes allowed the Chinese to emerge ahead of the globalists in recovery. This article, despite its age, provides a timeless example of a dangerous tendency in public policy. It demonstrates how policymakers can implement deleterious policies which result in inevitable crisis, and then, they subsequently escape blame by explaining away the crisis with bad analysis and even worse policy suggestions for the future. Policy suggestions, in …