Despite a growing number of sanctions imposed on the Russian economy since its invasion of Ukraine in February 2022, the ruble has appreciated to regain its pre-war level. This column argues that the prevalence of import sanctions over exports and financial repression imposed in Russia, which depressed local demand for foreign currency, drove the appreciation. […]
Sir, We learned again last week from the CSO’s Income and Living Standards Survey that the poverty rate continues to fall, the at-risk-of-poverty rate continues to fall, and the median disposable income of households increases. Taxes on employment, especially very high taxes on high earners, combine with our welfare system to provide the most redistributive […]
A political instrument, a political objective. Or at least no more targets than there are instruments. Economists have known this for a long time: the great Dutch scholar Jan Tinbergen, co-winner of the first Nobel Prize in economics, pointed it out more than half a century ago. But try telling that to U.S. trade policymakers. […]
The reasons for the European Central Bank to raise interest rates now to counter rising inflation are overwhelming. The arguments against prompt action are largely invalid. Raising rates today would have a much weaker restraining effect than doing nothing and letting inflation thrive. The main risk of recession does not come from the rise in […]
It’s time for On-Point, where we connect with experts to dive deeper into some of the key issues in the spotlight right now. Key figures from the new Yoon administration stressed that the new government’s top priority is to improve the quality of life for South Korean citizens who are still grappling with the impact […]
Alvenus F. Dreyer Learning from the media that Namibia’s fine-tuned resettlement policy will be ready by mid-2022 has revived new hopes and expectations. According to this particular policy – which is currently under review – its purpose is to take corrective action. A corrective action is an action to resolve existing nonconformities and prevent their […]
After more than four decades of inaction, Papua New Guinea’s electoral boundaries don’t match the people, but political interests are preventing much-needed change, writes Benjamin Raue. In less than two months, voters in the largest country in the Pacific, Papua New Guinea (PNG), will head to the polls to have their say on who should […]
Inequality and macro politics Opening remarks at the 2022 Global Empowerment Meeting by Deputy Director General Antoinette M. SayehAt the Harvard Kennedy School Center for International Development April 28, 2022 […]
While a review of legislative and policy frameworks to determine the possibilities of a cryptocurrency sector in Trinidad and Tobago is underway, there is currently no government policy on cryptomining. The clarification comes from the Ministry of Commerce and Industry, following an announcement by ANSA McAL Group on its proposed Bitcoin mining farm, Trinimine, at […]
LONDON — A British court ruled on Wednesday that the government’s decision to send hospital patients back to nursing homes without testing them for COVID-19, which led to thousands of deaths early in the pandemic, was illegal. Two High Court judges said the March and April 2020 policy was unlawful because it failed to take […]
The Japanese government has crafted a policy response to the soaring cost of living and added more than 6 trillion yen (about $46.9 billion) to the budget to cover it. The Russian invasion of Ukraine has exacerbated rising prices for fuel, food and other items, so people […]
Normal operations of Ukrposhta, Ukraine’s national postal service, came to an abrupt halt at dawn on February 24 when the first Russian bombs and missiles hit Ukraine. On the morning of the war, Igor Smelyansky, the CEO of Ukrposhta, went to his office after being woken up by phone calls. He took his computer and […]
Although John Lee secured 786 nominations out of the 1,452 members of the Election Committee (EC) on April 13 and is set to become the next chief executive of the Hong Kong Special Administrative Region (HKSAR), his quest a high degree of legitimacy has just begun, which means that he must design his political platform […]
The powerful potential of older women © Alex Rotas Around the world, we need a more ambitious and holistic women’s political agenda. An approach that incorporates all phases and roles of women’s lives – and recognizes the growing ranks and particular challenges of older women. It means accepting the interdependencies between three issues, usually treated […]
Rinaani Musutua Namibia’s largest grain processor, Namib Mills, has confirmed increases from April 25 for wheat flour, pasta, bread, rice, maize flour, instant porridge and sugar. This is happening alongside a tripling of the price of cooking oil and sharp increases in the price of gasoline, which will drive further increases in food items. Rising […]
COVID-19 has exposed a pandemic of inequality in Asia and the Pacific, a region with the world’s fastest growing economies, but also half of the world’s poor, writes Armida Salsiah Alisjahbana. After two years of human devastation, the world is learning to live with COVID-19 while trying to balance public health protection and livelihoods. For […]
By BIG Coalition of Namibia. The largest grain processing company, Namib Mills, confirmed an increase from April 25 in wheat flour, pasta, bread, rice, corn flour, instant porridge and sugar. This is happening alongside a tripling in the price of cooking oil and sharp increases in the price of gasoline, leading to further increases for […]
Concerns about how much the “rich” earn, the activities from which they come, and how much tax is paid on that income are at the heart of debates about inequality. This is partly because the share of income going to the top of the income distribution has increased and is now much higher than in […]
In May 2020, an African-American man named George Floyd was killed after a white police officer knelt on his neck for several minutes during a routine arrest. The brutality of the event and others like it sparked a series of protests against racism and police brutality, and calls for distributive justice as part of the […]
Nitin Gadkari said that the Center’s policy to develop electric vehicle charging infrastructure in India is to use green energy, especially solar energy. See the pictures Gadkari was responding to India’s electric vehicle charging infrastructure development hubs policy. During ‘Question Time’ in Parliament today, Union Road Transport and Highways Minister Nitin Gadkari said the Centre’s […]
Climate justice is essential if we are to succeed in preventing global warming of 1.5 to 2 degrees above pre-industrial levels. This is a point that receives much more attention in the new Working Group II contribution to the IPCC Sixth Assessment Report than in previous reports. Photo: EU/ECHO/Anouk Delafortrie The Intergovernmental Panel on […]
Dr Juita Mohamad KUCHING (March 19): Employees Provident Fund (EPF) members who opt for another withdrawal of up to RM10,000 from their savings could risk having insufficient savings in retirement, the Institute for democracy and economic affairs (Ideas). In its statement yesterday, the institute said this will become an increasingly relevant issue as Malaysia begins […]
The Gerald R. Ford School of Public Policy organized a online seminar March 10 to discuss the intersection between social justice issues and environmental policy-making in the United States as part of their public policy and institutional discrimination lecture series. Joshua Bassechesformer associate professor of public policy, spoke on the equitable reduction of greenhouse gas […]
Dear students, teachers and staff, On February 1, the university’s new waste reduction policy went into effect. The purpose of this policy is to ensure that the University of Illinois at Chicago achieves its waste reduction goals to increase its landfill diversion rate from 45% to 50% over the next decade and to become a […]
Bloomberg writer Allison Nicole Smith reported yesterday that “Wheat futures fell in a generalized collapse of raw materials markets assessed Ukraine-Russia talks and traders were awaiting a Federal Reserve decision on U.S. interest rates this week. ” Smith explained that “Chicago wheat rose 3.8% earlier after Interfax initially reported that Russia was considering a broader […]
When it comes to public policies concerning children, two questions always arise. The first is that children do not have the right to vote, while other groups such as the elderly vote in large numbers. The other is that when we start talking about the situation of children, the discussion often slides to the effects […]
On this episode of Policy Forum ModuleElise Klein from Australian National University and Kay Cook from Swinburne University join us to discuss how to improve Australia’s social security system, especially how it serves women. Does the Australian social security system serve women as it should? How is care valued within the system? And what policy […]
On this International Women’s Day, it is impossible not to begin by reflecting on the situation of Ukrainian women: fighting for their lives and their country, struggling to survive, caring for young and old people, making decisions about life or death to know whether to stay or go. There are also many women in the […]
Date: 07.03.2022 TWU, AWU and SDA also demand job security in times of uncertainty and free RAT kits for all workers Kaine says supply chains remain vulnerable to external shocks. […]
The Ceylon Chamber of Commerce, National Agenda Committee on Transport and Logistics, presented a detailed report to the government outlining strategies that could be adopted to significantly reduce congestion and pollution in Colombo. One of the strategies identified was to encourage the import of electric vehicles and to discourage the import of internal combustion engine […]
The second advance estimate (2AE) of GDP, released on Monday, forecast real growth for FY22 of 8.9%, compared to 9.2% in the first advance estimate released in January. However, the momentum of the recovery and of activity is best judged by quarterly growth (since this is of more immediate importance). Real gross value added (GVA) […]
Deadline: March 18, 2022 Applications are open for the 2022 Winter School on Tax Policy Research at the United Nations University-World Institute for Development Economics Research (UNU-WIDER). The objective of the course is to provide African scholars with an understanding of the theories, methods and data availability to conduct high-quality analyzes on taxation and development […]
One thing that set the 2022 budget apart from previous ones was its outline of a vision for post-pandemic Singapore reconstruction, even if Finance Minister Lawrence Wong did not express it in such grandiose terms. Taxes and their impact on business figured prominently, underscoring the government’s watchful eye on global developments. Proactively exploring a corporate […]
One thing that set the 2022 budget apart from previous ones was its outline of a vision for post-pandemic Singapore reconstruction, even if Finance Minister Lawrence Wong did not express it in such grandiose terms. Taxes and their impact on business figured prominently, underscoring the government’s watchful eye on global developments. Proactively exploring a corporate […]
In his February 23 Register-Star opinion, Michael Saltz examines the current US/Russia/China situation, particularly as it manifests itself in the Ukrainian crisis. The grounds for my disagreement with his thesis are based on the principle that a well-reasoned argument should be relatively free of subjective bias, which I will define in this case as reasoning […]
Application deadline: March 18, 2022 UNU-WIDER launches Winter School on Tax Policy Research. The objective of the course is to provide African scholars with an understanding of the theories, methods, and data availability to conduct high-quality analysis on taxation and development economics. The course will take place in two parts during the period from May […]
Housing interventions in Namibia should focus on the neglected lower segment of the market which accounts for nearly 90% of households nationally. Phillip Luhl, a member of the National Housing Policy (NHP) Review and Development Task Team of Namibia, said this during the Stakeholder Consultative Workshop for the review of the draft National Policy of […]
In last week’s State of the Nation address, President Cyril Ramaphosa ventured to utter a few words that exposed the naïveté of the politician and his office. The offensive words were: “We all know the government doesn’t create jobs. Businesses create jobs. Of course, these comments were consistent with ANC economic strategy, but the politician […]
Orbis Issue revisited: Spring 2021 (65:2), “Challenges Facing the Biden Administration A focus on foreign (economic) policy for the middle class remains a key organizing principle for the Biden administration, but so far it has seemed more powerful in terms of rhetoric than implementation. This partly reflects the fact that a key element of foreign […]
Columnists What a good national tax policy should involve Monday, February 14, 2022 By ROBERT MAINAMore from this author Summary Taxes perform specific functions which include, but are not limited to, raising funds to fund public services, providing economic stimulation, promoting equality in society through the redistribution of resources, and encouraging change. of behavior. A […]
What has happened – or hasn’t happened – weather-wise over the past two months is a stark reminder of the erratic nature of California’s vital water supply. After months of severe drought, the state experienced record storms in December, creating heavy snowpack in the mountains while replenishing severely depleted reservoirs. But January, historically a month […]
By Dan Walters Cal Matters What has happened – or hasn’t happened – weather-wise over the past two months is a stark reminder of the erratic nature of California’s vital water supply. After months of severe drought, the state experienced record storms in December, creating heavy snowpack in the mountains while replenishing severely depleted reservoirs. […]
What has happened – or hasn’t happened – weather-wise over the past two months is a stark reminder of the erratic nature of California’s vital water supply. After months of severe drought, the state experienced record storms in December, creating heavy snowpack in the mountains while replenishing severely depleted reservoirs. But January, historically a month […]
Dan Walters California’s changing weather conditions have made the state’s water apparatus less efficient, but making much-needed changes runs into Byzantine procedural hurdles. What has happened – or hasn’t happened – weather-wise over the past two months is a stark reminder of the erratic nature of California’s vital water supply. After months of severe drought, […]
What has happened – or hasn’t happened – weather-wise over the past two months is a stark reminder of the erratic nature of California’s vital water supply. After months of severe drought, the state experienced record storms in December, creating heavy snowpack in the mountains while replenishing severely depleted reservoirs. But January, historically a month […]
Globalization has not integrated households in the same way into international goods and capital markets. Due to this unequal international integration, external shocks on the economy can have different effects on different households. How does monetary policy influence these effects? We are building a model of a small open economy characterized by unequal international integration […]
Renowned French economist Thomas Piketty has come out with another book, this time examining polarization in modern democracies (Political Divides and Social Inequalities, Harvard University Press 2022). The vast amount of data collected shows that identity wars are not inevitable, he argues, as long as ambitious redistribution policies are in place. Piketty himself has proposed […]
Union Minister Smriti Irani on Friday took aim at the Delhi government’s new excise policy and said it was “shocking that liquor sales are open near schools and religious places”. Speaking at a virtual rally organized by Delhi’s BJP, she claimed that Chief Minister Arvind Kejriwal, “the leader who spoke about Swaraj and wrote in […]
R Geetha and Priti Narayan CHENNAI: The government of Tamil Nadu recently released a draft state policy for women which is perhaps the country’s first holistic policy initiative aimed at reducing discrimination, eliminating violence against women and provide them with opportunities. Although this is a commendable initiative, the project has several shortcomings, especially with regard […]
Energy taxation, carbon pricing policies and fossil fuel subsidies need to be more closely aligned if the European Union is to meet its 2030 climate targets, say EU auditors in a new report released Monday January 31. According to the European Court of Auditors (ECA) report, under the current EU Energy Tax Directive, polluting energy […]
Recent years have seen a flourishing of studies on pre-industrial inequality and the factors leading to increases or decreases in inequality. The Great Recession made inequality a hot topic in political debates (Wade 2014, Piketty 2015). The current Covid-19 crisis, which seems likely to exacerbate inequalities within countries across the West and probably across countries […]
Below is a press release from Senators Cindy Hyde-Smith and Roger Wicker: U.S. Senators Roger Wicker, R-Miss., and Cindy Hyde-Smith, R-Miss., joined 14 colleagues in lobbying Health and Human Services (HHS) Secretary Xavier Becerra to quit undoes the Biden administration’s flawed national liver distribution policy. Wicker and Hyde-Smith signed a letter that highlights the disproportionate […]
Analysts hope new national security policy will put economic development at heart Najam us Saqib (former ambassador): The challenges and opportunities for Pakistan to enhance regional trade through improved ties with neighboring countries are an integral part of the overall national security policy. Pakistan’s borders east or west have been porous for many decades and […]
Beyond the vagaries of the weather and the impact on crops, the coming year offers a series of promising developments, as well as increasing difficulties if the problems are not resolved. On the upside, the impending launch of an agriculture and agribusiness master plan, as well as a possible launch of the Agrarian Reform Agency. […]
For most agricultural sub-sectors, South Africa comes out one of the best years. The 2020/21 season has seen bumper harvests for grains, oilseeds and some fruits. These boosted export earnings and improved farm incomes, particularly for cereals where the bumper harvest coincided with rising crop prices. When he started the current season, 2021/22, promised to […]
Tista’ taqra bil- Malta. According to Roberta Metsola, newly elected to the European Parliament, obtaining the support of a majority of MEPs for an “effective and compassionate policy which respects the lives of all those who embark on a difficult journey for a better life” could well be the easiest part. But while she pledged […]
As part of a series examining the first year of Biden’s presidency, Harvard Law Today asked Christine A. DesanLeo Gottlieb law professor and scholar of monetary policy and economics, to share his thoughts on the administration’s successes, failures and future agenda. Harvard Law Today: What has the administration done well so far? Christine Desan: The […]
TOKYO – This year will be a year that will test Japan’s diplomatic courage, Prime Minister Fumio Kishida said in a political speech on Monday (January 17th), in a nod to the delicate balancing act he faces between the United States and China. Kishida’s speech at the start of the Diet’s regular session comes ahead […]
How to avoid that ecological policies have harmful social effects? Make related services (partially) free. As energy prices rise, all the more important as in the green transition the energy poor are protected (Viktor_IS/shutterstock.com) We urgently need new approaches to combine ecological and social objectives. Time is running out to tackle climate change: drastic action […]
Prime Minister Imran Khan on Friday unveiled a public version of the country’s first-ever National Security Policy (NSP), saying the country desperately needs a multi-pronged strategy for the future to ensure the protection of its citizens and to protect economic interests. . The NSP was approved by the federal cabinet on December 28, a day […]
“BC is becoming uninvestable,” warns Paul Quinn, BC paper and forest products analyst for RBC Capital Markets The next few years are good and bad for BC’s forestry sector, predicted market experts who spoke today at a Truck Loggers Association conference. The good news is that the outlook for lumber demand and prices in 2022 […]
ISLAMABAD: The public version of the recently approved National Security Policy (NSP) will be launched on Friday. An official, at a press conference on Tuesday, expressed hope that the release of the public version of the NSP would spark a debate on the policy which has been codified for the first time in the country’s […]
Gara Afonso, Lorie Logan, Antoine Martin, William Riordan and Patricia Zobel In a series of four articles, we review the key elements of the Federal Reserve’s monetary policy implementation framework. The framework has changed significantly over the past two decades. Prior to the global financial crisis, the Fed used a system of scarce reserves and […]
MINSK, Jan. 6 (BelTA) — Historical politics is a national security factor of Belarus, Belarusian President Alexander Lukashenko said during a government session to discuss Belarusian historical politics on January 6, BelTA learned. “It must be recognized that national history has become an information battlefield. It did not happen overnight. For us, historical politics today […]
India’s growth recorded exceptional growth of 20.1% for Q1FY22 and 8.4% for Q2FY22. Most forecasters predicted real growth of 9.5% or thereabouts for the year, following a contraction of 7.3% the previous year. 2021 has therefore been a period of reconstruction for the economy. India is like a child, seriously injured in an accident and […]
JHE TAX President Joe Biden’s plans were once full of great promise. He and congressional Democrats would reverse Donald Trump’s tax cuts, make the rich pay more, and fully fund all sorts of desperately needed climate and social policy programs with the profits. The middle class would grow and the richest 1% would come out. […]
JBiden’s foreign policy doctrine sees the future relationship between democracies and authoritarian regimes as a competition, accompanied by a battle of narratives. Undemocratic regimes have become brazen in their repression and many democratic governments have regressed by adopting their tactics of restricting free speech and undermining the rule of law. The United States, under Donald […]
By Nikolay Georgiev and Ryota Nakatani Careful calibration of spending and tax policies can reduce the inequalities caused by automation. For many observers, automation has been responsible for both strong economic growth and rising inequality in many countries in recent decades. Automation increases productivity, but it can exacerbate inequalities. In effect, it replaces low-skilled workers […]
A significant literature has studied the historical development of wealth accumulation and distribution in Western countries (e.g. Atkinson and Harrison 1978, Goldsmith 1985, Lindert 2000, Soltow and Van Zanden 2001, Roine and Waldenström 2015, Scheidel 2018 ). Particularly notable contributions are Piketty (2014) and Piketty and Zucman (2014), who document and interpret trends in aggregate […]
Industrialization has always been essential to reduce poverty. But the current global and technological context means that economic growth in developing countries is now only possible by increasing productivity in the small, informal businesses that employ most of the poor and lower middle classes. CAMBRIDGE – Development policy has long been divided between two types […]
Japan’s new Prime Minister Fumio Kishida pledged on Friday to establish a “new capitalism” to put the world’s third-largest economy on a path to growth and redistribute the fruits of that success to build a stronger middle class in its first. political discourse since taking office. . Addressing the lower house of parliament, he also […]
VG This separates Friedman from the more intense libertarians. If you probe a libertarian thinker far enough, you will find things that he thinks the state should do. But this, in particular, was a fault line between Friedman and other libertarians; he really saw a role for the Federal Reserve as a planner. It doesn’t […]