Tax and the Economy
Crises Managed: Monetary and Fiscal Frameworks for the Future
Michael Bordo and Harold James
December 2011
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Economic Policy has become dangerously politicized, warn Politeia's authors Michael Bordo and Harold James. Effective controls are needed to prevent inflation, spiralling public debt and public spending.
After the Financial Crisis: What are the Interactions between Fiscal and Monetary Policies?
The UK policy to cut public spending is seen by all sides of the political spectrum to be necessary and urgent. But what impact will other developments at home and globally have on the UK's fiscal policy?
On June 13th, Professor Harold James, the financial and economic historian, was at Politeia considering developments in the US, European and UK economies. He discussed the issues which will shape western economies' decisions on tax and spending.
To find out more about this event, click here.
Government Versus the Markets
The battle to restore the UK’s public finances has gone hand in hand with public service reform. But is the UK ready to consider the steps needed for a prosperous future and good public services? What changes does this country face in common with other western economies in a global market?
Speaking on Monday 23rd May,Professor Vito Tanzi, Director of Fiscal Affairs at the IMF from 1981-2000, explained the principles for a policy for prosperity and growth.
To Hamish McRae's report on this event in The Independent, click here.
Where Next for Japan's Economy? Are there lessons for the UK?
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On Wednesday 18th May Politeia and the Embassy of Japan co–hosted a special meeting to consider developments in the Japanese economy and the implications for the UK and globally. Speaking was Kosuke Motani, author of the bestselling The Silver Tsunami, or Japan’s Non-monetary Deflation(2010) and Head of Regional Development in the Development Bank of Japan. Mr Motani also advises the Japanese government on reconstruction in the aftermath of the earthquake disaster.
To find out more about this event, click here.
More Gain than Pain: Consolidating the Public Finances
Philipp Rother, Ludger Schuknecht and Jürgen Stark
2011
Across the world economies face unprecedented levels of public debt. Moves must be made to balance the books. Most economists agree that fiscal consolidation will, in the long term, be beneficial. It will bring economic growth, helping to restore the fiscal position. But fears remain for the short term on Keynesian grounds: consolidation could prompt an adverse impact on demand and so damage economic recovery.
