FCC Record


Book Description




Fiscal Policy after the Financial Crisis


Book Description

The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.







Federal Register


Book Description




Economic Forecasting


Book Description

Economic Forecasting provides a comprehensive overview of macroeconomic forecasting. The focus is first on a wide range of theories as well as empirical methods: business cycle analysis, time series methods, macroeconomic models, medium and long-run projections, fiscal and financial forecasts, and sectoral forecasting. In addition, the book addresses the main issues surrounding the use of forecasts (accuracy, communication challenges) and their policy implications. A tour of the economic data and forecasting institutions is also provided.




Child Maintenance Enforcement Commission


Book Description

Plans by the Child Maintenance and Enforcement Commission to reduce its spending are high risk. There is already a £44 million shortfall in the £161 million reduction originally expected by 2014-15. The Commission is reliant on raising £71 million in fee income from parents as part of its planned savings. These estimates are very uncertain, increasing the risk that additional cuts might be needed late on in the Spending Review that could have an adverse effect on services. The existing child maintenance schemes were problematic from the start and large backlogs of work built up. Efficiency has improved since 2006 and the cost of administering child maintenance has reduced. There are, however, strong indications that costs remain high and questions remain about the relative efficiency of the Commission. The Commission does not monitor staff productivity adequately and operated with duplicate management, finance and HR functions in 2010-11 because it retained the former Child Support Agency as a separate division. The Commission has 70 offices, a quite different arrangement from the head office and six processing centres originally planned by the Child Support Agency. The planned cost reductions rely heavily on the introduction of a new child maintenance scheme and associated IT system. Yet IT costs have increased and the Commission risks repeating some of the mistakes made on the earlier child maintenance schemes. The estimates for fee income include assumptions that the NAO cannot substantiate. There is no contingency plan if forecast income for the last year of the Spending Review in 2014-15 proves optimistic




China in the World Economy


Book Description

China's economy continues to grow at a great rate, with important consequences for China's society and environment, as well as for the wider world economy. Reforms are being undertaken in many areas within China, both to encourage continued economic growth and also to mitigate the adverse effects of growth on society and the environment. This book, based on extensive original research by a wide range of leading experts, examines many key issues connected to China's economic growth and its impact. Subjects covered amongst many others include: growth and inequality; labour market reforms; technological innovations and their impact; employment, unemployment and training; and the search for economic development that is ecologically sustainable.




Economic Forecasting and Policy


Book Description

Economic Forecasting provides a comprehensive overview of macroeconomic forecasting. The focus is first on a wide range of theories as well as empirical methods: business cycle analysis, time series methods, macroeconomic models, medium and long-run projections, fiscal and financial forecasts, and sectoral forecasting.




Metal Resources and Energy


Book Description

Metal Resources and Energy was initially aimed at exploring the future availability of metals and the energy required to produce them. During the detailed planning of the book, the authors decided to extend the remit to consider fuel use in relation to resources and future availability. In order to explore this relationship a framework was established which provided an agenda of topics to examine. In the process of systematically working through this agenda a deeper understanding of resource issues and some new insights were obtained. This book develops a framework for assessing the future availability of metals by first reviewing the activities associated with the production of metals. These can be divided into four broad categories: exploration and establishment, mining, concentrating, and smelting and refining. It then examines factors such as energy economics, forecasting issues, resources and reserves estimation, and trends in technical efficiency. Subsequent chapters deal with the evaluation of fuel use in metals production; the secondary production of metals from scrap and other waste materials; non-technical issues that are potential sources of short-term crises; and other applications of energy data. This book is intended for final year students of engineering, geology, and economics, all of whom will find all the topics covered relevant to their studies. It attempts to convey the essentials of resource economics, metal production technology, energy analysis, and those aspects of geology and geochemistry which are pertinent to a study of resource issues. The full breadth of topics is covered at a depth which is comprehensible to students from other disciplines.