The issue of tax cuts and economic growth, which I've discussed recently here and here, looks like it's going to be an important topic for some time now judging by this week's announcement from Paul Ryan, one of the Republicans in the U.S. House of Representatives. While all the attention in the media has been … Continue reading Tax Cuts and Economic Growth, Once More – the Corporate Tax Version
Day: April 6, 2011
Innovation in Monetary Policy in Sweden Works: Negative Interest Rates
The Sveriges Riksbank (a.k.a. Riksbanken), the Swedish central bank, tried an innovation in monetary policy two years ago in July 2009 when it set the official deposit rate at a negative interest rate of -.25%. The objective was to stimulate and motivate banks to lend their "excess" reserves to businesses and households and to therefore … Continue reading Innovation in Monetary Policy in Sweden Works: Negative Interest Rates
EconProph 