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Firstly, by taming expectations, actual inflation can be controlled; and secondly, this will also lead to stability in employment and output. Similarly, purpose of the fiscal policy (whereby the government alters public expenditure and taxation policies) is to boost aggregate demand of the country, which in turn is expected to improve growth rate of the economy (Lawton, 2013).
In the wake of the global financial crisis, Germany, like most other developed countries, is following the policy of fiscal tightening. Germany is a member of the programs undertaken by Euro Plus Act and main commitment of this program was to reduce debt of the government. High debts of the government are not supportive for the long run as this increases the risk of default.
Polices of the government are being heavily guided by withdrawal of stimulus and measures of consolidation coupled with reduction of social security benefits. Fiscal consolidation measures followed by German government have been effective in bringing down both the structural and actual deficit of the country. The deficit of the government was brought down below the reference figure of 3%. The general finances of government had also shown a surplus in 2012 for the first time, after the crisis. This makes it clear that the country has been successful in achieving the medium-term budgetary goal and structural deficit is within 0.5% of GDP. Bringing down structural deficit is also important for controlling long-term stability of a country; and in case of Germany, it has been observed that in 2012, the structural net borrowing was only 0.31% of GDP, which was well within control of the government. Even in 2013, structural deficit was below the stipulated value of 0.35% (Deutsche Bank, 2013).
On expenditure side of the fiscal policy, main focus of the government in the last two years has been to increase investment in research and developmental programs and education. The rationale behind doing
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Also, he added drinking chocolate and cocoa to his list; all the time believing that they may serve as a substitute. He was very particular about maintaining high quality standards for all of his products. His hard work and effort proved to be very successful, as by the year 1842, he was selling 11 kinds of cocoa and 16 kinds of drinking chocolate.
It has a customer base of about 21 million. M&S deals in trendy, high quality and stylish clothing and home product that render high value. They also deal in quality food products, which are sourced from 2000 suppliers from all over the globe. They are the leading menswear, lingerie and women wear provider in UK.
Lastly, this paper supports the conclusion that Side-Payments are more of an instrument of Cohesion Policy than distributive politics or as a developmental tool.
The death of national Keynesianism and the liberalization of the common European market in the 1980s led to a reorganization of European political economy.
This means that the company’s inventory has been higher than the sales in the year 2012-13. This is not favorable position since inventory piling up indicates that money is tied up in inventory. Then, receivable
This drift is caused by earth plate movements and the changes in the distribution of Earths mass. The wobble in the Earths axis during rotation is an integration of the Chandler wobble and the annual wobble, linked to Earths orbit around the sun. Climate is inclined
This paper mainly concentrates on the postwar period of economic development (1945-present) of Japan. High levels of growth in the last decade were observed in a number of industrial sectors, that include agriculture, automobile mining, and petroleum exploration. Economic trends in these industries, as well as in labor market are considered.
The services provided by the banking sector are supportive in the allocation of capital and production of goods. Each of these services is essential to the well functioning of the economy. These financial services are timeless.
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