Ocran describes the role of fiscal policy as stimulating economic and social development. ... Countercyclical fiscal policy entails the notion that during downturns the government should increase measures aimed at employment creation and income subsidization to compensate for losses (Worral, 2009:2). ... First the responsiveness of the GDP growth rate to the fiscal stimulus will be analyzed. ... This gives good reason to believe that the bulk of recovering growth was due to increased government spending, thus strengthening the conclusion that countercyclical fiscal policy was successful. ......

• Word Count: 2383
• Approx Pages: 10
• Grade Level: Undergraduate

The empirical framework for explaining the economic performance of any country is to examine the relative contribution of Capital, Labor and total factor productivity, controlling variables such as initial resource endowments, public policies, political and social stability, institutional capacity, and external environment. ... Now the fiscal, monetary, and trade policies have been started to work ithout tion of politicians, bureaucrats, and military rulers, and statutory orders that effect almost every single aspect of running a business. ... Given the fiscal mismanagement, mounting e...

• Word Count: 2277
• Approx Pages: 9
• Grade Level: Undergraduate

Financial markets are needed to control the money supply, with a reasonably tight fiscal policy and credit policy, this lead China to create a bond market, offering bonds with attractive interest rates to soak up excess money that threatened to fuel inflation. ...

• Word Count: 2010
• Approx Pages: 8
• Grade Level: Undergraduate

This may be due to the government and central banks introducing wide-ranging policies, including sizeable fiscal stimulus, large reductions in policy interest rates, guarantees of bank debt issuance, and in some cases, sizeable government ownership of troubled financial institutions. ...

• Word Count: 2267
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate