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Fiscal policy definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. Look it up now!
Fiscal Policy refers to the "measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures. Fiscal measures are frequently used in tandem with monetary policy to achieve certain goals In the
Fiscal policy is a policy adopted by the government of a country required in order to control the finances and revenue of that country which includes various taxes on goods, services and person i.e., revenue collection, which eventually affects spending levels and hence for this fiscal policy is termed as sister policy of monetary policy. Fiscal policy, in the first instance, should encourage investment in public sector which in turn effect to increase the volume of investment in private sector. In other words, fiscal policy should aim at rapid economic development and must encourage investment in those channels which are considered most desirable from the point of view of society.
May 22, 2018 · In fact, the main goal of both monetary policy and fiscal policy is to minimize the cyclical fluctuations that occur in the economic cycle. Downturns are unavoidable, but good policy can blunt their impact when they do happen. Governments use monetary policy in particular to smooth things out, and this often results in measures to lower inflation.
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The Philippines 2013 Budget is the national government’s blueprint of expenditures and sources of financing for the present year.It spells out the costs of government’s plans and operations for the entire fiscal year.More than that, however, crafted by a government that firmly believes that its sole purpose is to serve its true bosses the Filipino people this budget is the embodiment of ... Monetary and Fiscal Policy Monetary and Fiscal Policy Coordination With inflation in Indonesia is not only influenced by demand pull, but also cost push factors, it is vitally important for the Government and Bank Indonesia to coordinate their actions through integrated macroeconomic policies if inflation targeting is to be effective.
Fiscal policy in EMU: an evolving view. •Rules to tame deficit bias in absence of national exchange rate policy •Automatic stabilisers: let them play •Risk of debt monetisation dominates monetary-fiscal relations •Low spillovers because of offsetting monetary policy reaction •Negative coordination suffices. Revising the role of fiscal policy in EMU.
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Fiscal Policy. Fiscal Policy. 1. LEARNING OBJECTIVE. Fiscal policy Changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives, such as high employment, price stability, and high rates of economic growth. What Fiscal Policy Is and What It Isn’t Forecasted growth of 1.2 percent in 2019 and 1.8 percent in 2020 and 2021 reflects a more modest outlook. Russia’s macro-fiscal buffers remain strong, with fiscal surpluses across all tiers of government and low public-debt levels. When compared to advanced economies, Russia spends less on health and education.
Increased Impact Factor. Economic Policy's 2018 Impact Factor has risen to 3.424.. Find out more about the impact of our Economics journals and browse a collection of highly cited articles from across the portfolio. Fiscal policy is composed of several parts. These include, tax policy, expenditure policy, investment or disinvestment strategies and debt or surplus management. Fiscal policy is an important constituent of the overall economic framework of a country and is therefore intimately linked with its general economic policy strategy. Fiscal policy ...
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Introduction to Fiscal Policy! Economy = Car Worst Drivers Ever Fiscal Policy What is it? Fiscal policy: the federal government's attempt to stabilize the economy through taxing and government spending. What is it? Advocates of fiscal policy believe that one of the fundamental functions of the government is to stabilize the economy.Business policy also deals with acquisition of resources with which organizational goals can be achieved. Business policy is the study of the roles and responsibilities of top level management, the significant issues affecting organizational success and the decisions affecting organization in long-run. I.e when there is an acceleration in spending growth. Contractionary fiscal policy is seen as when government spending grows at a slower rate than the previous year/or has decreased. The graphic below shows South Africa's Monetary Fiscal Policy Mix (and the associated GDP) for the last 22 years (from 1994 to 2015).Role of Fiscal Policy. Fiscal policy and short-term demand management. The impact of automatic stabilizers. Fiscal policy and its impact on potential output. Evaluation of Fiscal Policy. Fiscal Policy Online: Fiscal Policy. Keynesian Economics. ... PowerPoint Presentation Last modified by:
Sep 12, 2019 · Fiscal policy refers to all those methods used by the government to influence the economy through the use of tax rates and government expenditures. For example, a government may decide to reduce taxes. These moves should, in theory, stimulate the economy and thus increase aggregate demand. Such policies are called discretionary fiscal policies. Mar 12, 2019 · Assembly Bill 403 provides the statutory and policy framework to ensure services and supports provided to the child or youth and his or her family are tailored toward the ultimate goal of maintaining a stable permanent family. Fiscal Policy Ppt - View presentation slides online. Public Fiscal POlicy
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1. Fiscal Policy and the Cycle. 2. Time Lags Regarding Monetary and Fiscal Policy stabilisation policy Describes both monetary and fiscal policy, the goals of which are to smooth out fluctuations in output and employment and to keep prices as stable as possible. time lags Delays in the economy's response to stabilization policies.Fiscal policy and monetary policy are the two tools used by the state to achieve its macroeconomic objectives. While for many countries the main objective of fiscal policy is to increase the aggregate output of the economy, the main objective of the monetary policies is to control the interest and inflation rates.The plan also involved implementing more appropriate, market-oriented fiscal and monetary polices, achieving a more liberal trade policy based on comparative advantage, and improving the efficiency and effectiveness of the civil service, as well as better enforcement of government laws and regulations.
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Fiscal policy, public debt management and government bond markets: the case for the Philippines Diwa C Guinigundo1 Abstract The fiscal health of the Philippines has improvesignificantly over the past decade. d Notwithstanding the dividends from reforms, challenges remain for the Philippines on the fiscal side.Fiscal policy is composed of several parts. These include, tax policy, expenditure policy, investment or disinvestment strategies and debt or surplus management. Fiscal policy is an important constituent of the overall economic framework of a country and is therefore intimately linked with its general economic policy strategy. Fiscal policy ...1. Fiscal Policy and the Cycle. 2. Time Lags Regarding Monetary and Fiscal Policy stabilisation policy Describes both monetary and fiscal policy, the goals of which are to smooth out fluctuations in output and employment and to keep prices as stable as possible. time lags Delays in the economy's response to stabilization policies.Fiscal Policy Ppt - View presentation slides online. Public Fiscal POlicy
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Business policy also deals with acquisition of resources with which organizational goals can be achieved. Business policy is the study of the roles and responsibilities of top level management, the significant issues affecting organizational success and the decisions affecting organization in long-run. Monetary policy is an economic policy that manages the size and growth rate of the money supply in an economy. It is a powerful tool to regulate macroeconomic variables such as inflation Inflation Inflation is an economic concept that refers to increases in the price level of goods over a set period of time. An Information Memorandum (IM) is a targeted communication tool from the Office of Head Start which provides policy information to Head Start and Early Head Start grantees and delegate agencies. Listen
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Fiscal Responsibility and Budget Management (FRBM) became an Act in 2003. The objective of the Act is to ensure inter-generational equity in fiscal management, long run macroeconomic stability, better coordination between fiscal and monetary policy, and transparency in fiscal operation of the Government. While governments’ choices on macroeconomic and fiscal policies are already complicated, they gain a significant layer of complexity in countries facing fragility and conflict. Over the past decade the world has witnessed a resurgence of conflict across a variety of countries, including both low-income and middle-income countries. Fiscal Policy and the Cycle 2. Time Lags Regarding Monetary and Fiscal Policy stabilisation policy Describes both monetary and fiscal policy, the goals of which are to smooth out fluctuations in output and employment and to keep prices as stable as possible. time lags Delays in the economy’s response to stabilization policies. Apr 02, 2014 · Fiscal Policy and Full Employment By Brad DeLong, Larry Summers, and Laurence Ball At present and going forward, activist fiscal policy is likely to be essential for the American economy to operate near potential levels of output and employment. This conclusion is a substantial change in view
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For the purposes of this position paper, IFAC is focused on aspects of two of the key process elements: namely, standards and assurance. IFAC supports the use of high-quality financial reporting standards for the public sector that allows for independent assurance. On Ghana’s independence in 1957, there was a shift from private to public sector as the main engine of economic growth due to the strong desire to rapidly grow and develop the country into a modern society. Chapter 1 Monetary and Fiscal Policy. 1. 1.1 Introduction. A public-finance approach yields several insights. Among the most important is the recognition that fiscal and monetary policies are linked through the government sector's budget constraint. Variations in the inflation rate can have implications for the fiscal authority'sAbstract. Fiscal policy is commonly looked upon as comprising those variations in government tax and expenditure programmes which are undertaken with the express purpose of securing the goals of macro-economic policy.
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The role and effectiveness of fiscal policy is explored in this revision presentation. Pre Test. T/F My department head can sign contracts for UT Martin. T/F A "contract" is different than an "agreement". T/F My dean/director can sign contracts for UT Martin as long as the amount doesn't exceed $9,999.99.
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Meaning of Fiscal Policy: Fiscal policy is a powerful instrument of stabilisation. "By fiscal policy we refer to government actions affecting its receipts and expenditures which we ordinarily take as measured by the government's net receipts, its surplus or deficit."Sep 12, 2019 · Fiscal policy refers to all those methods used by the government to influence the economy through the use of tax rates and government expenditures. For example, a government may decide to reduce taxes. These moves should, in theory, stimulate the economy and thus increase aggregate demand. Such policies are called discretionary fiscal policies. Fiscal Policy and the AD/AS Model. Discretionary fiscal policy refers to the deliberate manipulation of taxes and government spending by Congress to alter real domestic output and employment, control inflation, and stimulate economic growth."Discretionary" means the changes are at the option of the Federal government.What Is Fiscal Policy? F ISCAL policy is the use of government spending and taxation to inﬂ uence the economy. Governments typi-cally use ﬁ scal policy to promote strong and sustain-able growth and reduce poverty. The role and objec-tives of ﬁ scal policy have gained prominence in the current
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Mar 07, 2018 · China's fiscal policy remains supportive for economic growth this year despite a rare cut in the government's budget deficit target, Finance Minister Xiao Jie said on Wednesday, as markets worry ... Non-fiscal definition, of or relating to the public treasury or revenues: fiscal policies. See more. Tamara Draut from Demos, Katherine McFate from the Ford Doundation, and Lawrence Mishel from the Economic Policy Institute discuss the economic framework for a discussion of American fiscal policy. The Powerpoint used in the panel is available here. The Fiscal Squeeze on State and Local Governments fiscal policy seems to have gone astray involve errors of omission rather than commission. A particularly instructive case was the reliance on automatic stabilizers during the upswing from 1958 to 1960. When the economy is in an infla-tionary surge, restraint from the automatic stabilizers is a welcome force.
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UNIT 9 – MONETARY AND FISCAL POLICY (11 Days) The US federal government’s taxation and spending policies, along with the Federal Reserve System’s monetary policies are utilized to steady the economy, encourage economic growth and full employment, while keeping prices stable. The latest data showed that the government’s fiscal deficit reached 112% of the full-year target during April-November 2017. Most analysts now expect the government to breach the fiscal deficit ... Fiscal Policy Influences AD •Government policymakers set the level of government spending and taxation –We have seen how fiscal policy affects saving, investment and growth in the long run –But, in the short run, the main consequence is to shift the aggregate demand curve –But whether a £1 increase leads to AD rising by more or Oct 25, 2019 · Frequency: Annual, Fiscal Year . Notes: Dates represent the end of the fiscal year. Fiscal year series are updated with official OMB figures in January or February. In October, the latest fiscal year is updated with figures from the Treasury Department (September figures from the Treasury's fiscal year to date series).
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Recall that monetary policy, the toolbox of the Fed, includes performing open market operations, and changing both the reserve requirement and the federal funds interest rate. Recall also that fiscal policy, the toolbox of the government, includes changing both taxes and government spending. All of these tools can be controlled actively. Fiscal: taxing and spending considerations. Fiscal policy is conducted by Congress and the President. Monetary: regulation of money supply by the Federal Reserve Board (“the Fed”) adjusting interest rates to increase or decrease inflation
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The U.S. president offers a glimpse of what four more years would look like after “total acquittal” by the Senate, exacting vengeance on those he sees as his political enemies. The greatest second part of fiscal policy powerpoint ever made Expansion Expansion Recession Boom Long term growth trend Downturn Upturn Trough Peak 0 Jan.- Mar Total Output Apr.- June July- Sept. Oct.- Dec. Jan.- Mar Apr.- June July- Sept. Oct.- Dec. Jan.- Mar Apr.- June Remember: Aggregate – collective, the whole, everything added up Same shape as regular supply and demand X Axis is output ... Fiscal policy definition is - the financial policy of a government particularly as regards the budget and the method and timing of borrowings and especially in relation to central-bank credit policy.Fiscal Policy Notes – AP Macroeconomics A. Defined : Manipulation of the federal budget to achieve economic stabilization. This means steady economic growth, price stability (low inflation ), and low unemployment . Fiscal Policy (in Hindi) Part2 - Duration: 7:58. commerce point 61,537 views. 7:58. Warren Buffet's Life Advice Will Change Your Future (MUST WATCH) - Duration: 1:16:55.
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Luma is a statewide effort to acquire, implement, and sustain a statewide enterprise system that modernizes and transforms the way the State of Idaho does business, improves transparency, and provides a core foundation for the future Fiscal policy is managed by government of any country by cutting or expanding collection of revenue through direct and indirect taxes influencing spending of the people, while monetary policies are managed by Central bank of any country which involves changes in interest rates and influencing money supply in the nation. Fiscal Policy Influences AD •Government policymakers set the level of government spending and taxation –We have seen how fiscal policy affects saving, investment and growth in the long run –But, in the short run, the main consequence is to shift the aggregate demand curve –But whether a £1 increase leads to AD rising by more or In 2019, the Alaska economy emerged from a 3-year recession after losing more than 11,000 jobs between 2015 and 2018. The recovery has, however, been modest as employment averaged 0.4% or 1,400 more jobs between January and November 2019 relative to the same period last year. Fiscal Policy-Part 3 =0 ∆ − ∆ = Y Y M M η Fiscal Policy-Part 3 The Argument • The myth: – Increased Government Spending causes inflation. • The reality: – It is a complicated story. Fiscal Policy-Part 3 Must Increased Government Spending cause Inflation? • Finance via wage taxes and money. • There is no government debt. Y Y M ...
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Credit: kentoh/Shutterstock Fiscal policy is a crucial part of American economics. Both the executive and legislative branches of the government determine fiscal policy and use it to influence the ...The net export effect reduces effectiveness of fiscal policy:For example, expansionary fiscal policy may affect interest rates, which can cause the dollar to appreciate and exports to decline (or rise). Supply‑Side Fiscal Policy. Fiscal policy may affect aggregate supply as well as demand (see Figure 12‑6 example). The Effectiveness of Fiscal Policy as Stabilization Policy Alan J. Auerbach University of California, Berkeley July 2005 This paper was presented at the Bank of Korea International Conference, The Effectiveness of Stabilization Policies, Seoul, May 2005. I am grateful to my discussants, Takatoshi Ito and Aggregate Supply is the amount of goods and services (real GDP) that firms will produce in an economy at different price levels. The supply for everything by all firms. Aggregate Supply differentiates between short run and long-run and has two different curves.
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Luma is a statewide effort to acquire, implement, and sustain a statewide enterprise system that modernizes and transforms the way the State of Idaho does business, improves transparency, and provides a core foundation for the future macroeconomics: The study of the behavior an economy at the aggregate level, as opposed to the level of a specific subgroups or individuals (which is called microeconomics). For example, a macroeconomist might consider the industrial sector, the services sector or the farm sector, but he/she will not consider specific parts of any of these ...
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The Effectiveness of Monetary vs. Fiscal Policy So far, both fiscal and monetary policy are effective. In other words, output is responding to changes in G, T and Ms. The relative effectiveness of fiscal and monetary policy depend on the slopes of the IS and LM curves. Case 1: the demand for money is interest inelastic Jul 26, 2018 · The most important difference between the fiscal policy and monetary policy is provided here in tabular form. Fiscal policy is mainly related to revenues generated through taxes and its application in various sectors which affects the economy, whereas monetary policy is all about the flow of money in the economy. Fiscal Policy in Pakistan Government Receipts. The Government receipts consist of the following four sources: Revenue Receipts (Net of Provincial Shares): In Pakistan, the heavy dependence is upon revenue receipts, about 65-70% of the revenue is estimated to be drawn from revenue receipts. It includes tax revenue, non-tax revenue, and surcharges.
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Monetary Policy: The primary objective of BSP's monetary policy is to promote a low and stable inflation conducive to a balanced and sustainable economic growth. The adoption of inflation targeting framework for monetary policy in January 2002 is aimed at achieving this objective. Fiscal policy is often used in combination with monetary policy, which, in the United States, is set by the Federal Reserve to influence the direction of the economy and meet economic goals. The word fiscal is derived from the word Fisc which means treasury therefore fiscal policy deals with the matters of treasury or public finance.Fiscal policy refers to the government policy of public expenditure and taxes. Fiscal policy plays an important role in determining the stability of an economy because it affects the level of income and employment in a country.
The intertemporal dimension of Fiscal Policy I When discussing Fiscal Policy we must start by recognizing that countries (and governments) are in for the long term I They don™t need to balance their books year-by-year: I they can spend in excess of tax revenue today (running up debt) I provided they will be able to pay back their debt in the future thanks to tax revenues in excess of ...
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Fiscal Policy-Meaning The word fisc means 'state treasury' and fiscal policy refers to policy concerning the use of 'state treasury' or the govt. finances to achieve the macroeconomic goals. Fiscal policy can foster growth and human development through a number of different channels.
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Non-fiscal definition, of or relating to the public treasury or revenues: fiscal policies. See more. Test your ability to determine the effects of fiscal and monetary policy on the economy in this quiz and printable worksheet. Use these tools to...
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Home » Case Studies » Economics » Fiscal Policy Case Studies Fiscal Policy Case Studies In case you are not able to complete the transaction successfully, please send an email to [email protected] Fiscal policy: Changes in government spending or taxation. Monetary policy: Changes in the money supply to alter the interest rate (usually to influence the rate of inflation). Supply-side policy: Attempts to increase the productive capacity of the economy. Fiscal and monetary policy comes in two...
FISCAL POLICY INSTITUTE ... Times New Roman Tahoma Arial Garamond Selling a Product or Service PowerPoint Presentation Overview Defining Economic Event Scope of Study ... Keynesian fiscal policy was the tax cut enacted under President Kennedy to combat the recession of 1959-60. Even then, the cut came after the economy was already showing signs of recovery. Since that time, Congress seems to have become more prone to deadlock, so the idea of Congress acting promptly to execute counter-cyclical fiscal policy has
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A. States and local governments have a hard time coordinating their fiscal policies with the federal government. B. Fiscal policy can really only be implemented on discretionary spending—the minor portion of the federal budget. C. The results of fiscal policy occur too quickly in the economy, making them hard to control. D. fiscal policy on inequality and poverty in 29 low- and middle-income countries from around 2010.4 The findings presented here were taken from Chapter 10 of the CEQ Handbook (Lustig, 2018b).5 2. CEQ Methodology The method CEQ is a quantitative and analytical tool to evaluate the impact of taxation and social"Fiscal Pro-cyclicality and Optimistic Forecasts," ppt or pdf, rev 5/13/2018; (Ppt or PDF with appendices), for Workshop on Fiscal Policy and Adjustment: Issues and Policy Implications, LAC, World Bank, May 9, 2018. "Fiscal Procyclicality and Over-optimism in Official Forecasts," .Fu et al (2003) suggest that the inadequacy of any one of the identified fiscal policy indicators (as pointed by Levine and Renelt, 1992) but disputed in the mainstream growth literature could be ...
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The Rochester City School District does not discriminate on the basis of an individual's actual or perceived race, color, religion, creed, ethnicity, national origin, citizenship status, age, marital status, partnership status, disability, predisposing genetic characteristics, sexual orientation, gender (sex), military status, veteran status, domestic violence victim status or political ...Fiscal policy is the attempt by the government to deliberately manipulate its budget position with a goal of stabilizing prices, promoting growth, and minimizing unemployment. The role of the federal government in the U.S. economy has increased substantially since the Great Depression and many people perceive that the government is responsible ...While governments’ choices on macroeconomic and fiscal policies are already complicated, they gain a significant layer of complexity in countries facing fragility and conflict. Over the past decade the world has witnessed a resurgence of conflict across a variety of countries, including both low-income and middle-income countries. Fiscal Policy in the Philippines
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macroeconomic policy. Both monetary and fiscal policy actions were seriously misguided in the 1960s, and led to undesirable economic outcomes. In my view, macroeconomic policies of the 1960s were not the result of a change in the goals of policy or the effectiveness of economists. Policymakers at least since World War II had Meaning of Fiscal Policy: Fiscal policy is a powerful instrument of stabilisation. "By fiscal policy we refer to government actions affecting its receipts and expenditures which we ordinarily take as measured by the government's net receipts, its surplus or deficit."
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PowerPoint Presentation : How Banks Create Money by Extending Loans. PowerPoint Presentation : The U.S. banking system is a fractional reserve system where banks maintain only a fraction of their assets as reserves to meet the requirements of depositors. Under a fractional reserve system, an increase in reserves (excess reserves ) will permit ...Start studying chapter 21 macroeconomics mankiw: The Influence of Monetary and Fiscal Policy on Aggregate Demand. Learn vocabulary, terms, and more with flashcards, games, and other study tools.View and Download PowerPoint Presentations on Keynesian PPT. Find PowerPoint Presentations and Slides using the power of XPowerPoint.com, find free presentations research about Keynesian PPTThe Federal Fiscal Year 1 Oct 30 Sept 1. The fiscal year has changed throughout history. Prior to 1842, all accounting was based on a calendar year. From 1842 to 1976, the fiscal year ran from 1 July to the following 30 June. In 1974, Congress mandated the fiscal year run from 1 October to 30 September beginning in 1977. 31 U.S.C. § 1102. 2.
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The Office of Budget and Fiscal Policy oversees budgetary and fiscal recommendations and policies for every City agency. We consider the intersection between public policy and revenue realities to design and implement the City’s budget each year.
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Tamara Draut from Demos, Katherine McFate from the Ford Doundation, and Lawrence Mishel from the Economic Policy Institute discuss the economic framework for a discussion of American fiscal policy. The Powerpoint used in the panel is available here. The Fiscal Squeeze on State and Local Governments