Archive for July 12th, 2011

How much consumption declined because of the crisis?

July 12, 2011

Kevin Lansing of FRBSF has a nice short note on impact of crisis on households and economy.

Personal consumption expenditures have gone for a toss:

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Taxation of top incomes in low in Germany and Europe..

July 12, 2011

Stefan Bach, Giacomo Corneo and Viktor Steiner explain that taxation rates of top income people is pretty low in Germany and other European economies.

This is quite unusual as usually European economies have higher taxes and more equality. But this problem seems to be common. Rich are taxed much lesser and grab a major share of resources.

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FinMin’s expenditure management measures…

July 12, 2011

India’s Ministry of Finance initiated a few measures to cut its expenditure mainly the revenue expenditure.I saw some of these measures earlier as well but were not successful it seems. This time we have some more measures and there are efforts to monitor them as well.

What are the measures?

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