Financial Economics - Policy Responses to the Global Financial Crises
The credit crunch and the collapse of Lehman led to a steep fall in global real output and an even bigger decline in the volume of world trade. There were well-founded fears that the world economy...
The Multiplier and links to Keynesian Economics
The concept of the multiplier process became important in the 1930s when John Maynard Keynes suggested it as a tool to help governments to maintain high levels of employment
This “demand-management approach”, designed to help overcome a shortage of capital...
In a recent speech, Prime Minister of India set a target to alleviate poverty from the nation in coming 5 years. India, even after seven decades of independence, and being one of the major world economies, has about a quarter of population living under poverty. Every successive government, since 1947,...
