Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Strict Standards: Declaration of UserSettings::get() should be compatible with AbstractSettings::get($col_key1, $col_key2 = NULL, $col_key3 = NULL) in /home/marketch/public_html/blogs/inc/users/model/_usersettings.class.php on line 0

Strict Standards: Declaration of UserSettings::set() should be compatible with AbstractSettings::set() in /home/marketch/public_html/blogs/inc/users/model/_usersettings.class.php on line 0

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 304

Warning: Cannot modify header information - headers already sent by (output started at /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php:223) in /home/marketch/public_html/blogs/inc/sessions/model/_session.class.php on line 222

Strict Standards: Declaration of BlogCache::get_option_list() should be compatible with DataObjectCache::get_option_list($default = 0, $allow_none = false, $method = 'get_name', $ignore_IDs = Array) in /home/marketch/public_html/blogs/inc/collections/model/_blogcache.class.php on line 0

Strict Standards: Declaration of Blog::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/collections/model/_blog.class.php on line 54

Strict Standards: Declaration of Blog::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/collections/model/_blog.class.php on line 54

Strict Standards: Declaration of Skin::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/skins/model/_skin.class.php on line 0

Strict Standards: Declaration of CollectionSettings::_load() should be compatible with AbstractSettings::_load($arg1 = NULL, $arg2 = NULL, $arg3 = NULL) in /home/marketch/public_html/blogs/inc/collections/model/_collsettings.class.php on line 0

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Strict Standards: Declaration of ItemListLight::query() should be compatible with Results::query($create_default_cols_if_needed = true, $append_limit = true, $append_order_by = true, $query_title = 'Results::Q...') in /home/marketch/public_html/blogs/inc/items/model/_itemlistlight.class.php on line 48

Notice: Array to string conversion in /home/marketch/public_html/blogs/inc/_core/_param.funcs.php on line 1199

Notice: Array to string conversion in /home/marketch/public_html/blogs/inc/_core/_param.funcs.php on line 1199

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Cannot modify header information - headers already sent by (output started at /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php:223) in /home/marketch/public_html/blogs/inc/_core/_template.funcs.php on line 59
Economics

Strict Standards: Declaration of ComponentWidget::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/widgets/model/_widget.class.php on line 0
  • Home

  • Strict Standards: Declaration of ItemTypeCache::get_option_array() should be compatible with DataObjectCache::get_option_array($method = 'get_name', $ignore_IDs = Array) in /home/marketch/public_html/blogs/inc/items/model/_itemtypecache.class.php on line 0

    Strict Standards: Declaration of User::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/users/model/_user.class.php on line 0

    Strict Standards: Declaration of User::dbdelete() should be compatible with DataObject::dbdelete() in /home/marketch/public_html/blogs/inc/users/model/_user.class.php on line 0

    Strict Standards: Declaration of User::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/users/model/_user.class.php on line 0
  • Contact
  • Log in
 

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Pages: << 1 2 3 4 5 6 7 8 9 10 11 ... 161 >>

08/04/13


Strict Standards: Declaration of GenericCategoryCache::clear() should be compatible with DataObjectCache::clear($keep_shadow = false) in /home/marketch/public_html/blogs/inc/generic/model/_genericcategorycache.class.php on line 49

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 304

Strict Standards: Declaration of GenericCategory::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/generic/model/_genericcategory.class.php on line 45

Strict Standards: Declaration of Chapter::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/chapters/model/_chapter.class.php on line 38

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334
US government employment 1930 to 2013

Permalink 09:56:52 am, by editor of MarketObservation.com Email , 22 words   English (US)

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334
Categories: Economics United States

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Source: St. Louis Fed

Keywords: Government Employment, Federal Administration

Related:

Econbrowser on the development of government employment during the current financial crisis

08/03/13

Permalink 05:33:43 am, by editor of MarketObservation.com Email , 180 words   English (US)
Categories: Economics United States, Economics Global

Tyler Atkinson, David Luttrell, Harvey Rosenblum, How Bad Was It? The Costs and Consequences of the 2007–09 Financial Crisis, Staff Papers, Dallas Fed, July 2013

Abstract

The 2007-2009 financial crisis was associated with a huge loss of economic output and financial wealth, psychological consequences and skill atrophy from extended unemployment, an increase in government intervention, and other significant costs. Assuming the financial crisis is to blame for these associated ills, an estimate of its cost is needed to weigh against the cost of policies intended to prevent similar episodes. We conservatively estimate that 40 to 90 percent of one years output ($6 trillion to $14 trillion, the equivalent of $50,000 to $120,000 for every U.S. household) was foregone due to the 2007-2009 recession. We also provide several alternative measures of lost consumption, national trauma, and other negative consequences of the worst recession since the 1930s. This more comprehensive evaluation of factors suggests that what the U.S. gave up as a result of the crisis is likely greater than the value of one years output.

Keywords: Financial Crisis, Great Recession, Output Loss

Related:

Econbrowser: Why Is Inflation So Low? August 1, 2013

08/01/13

Permalink 11:59:35 am, by editor of MarketObservation.com Email , 193 words   English (US)
Categories: Economics Europe

The Reformed Broker: Green Shoots in Europe (can’t believe I’m saying this out loud), July 30, 2013

In May, we began talking bullishly about European stocks and put a position on for select accounts. As Buffett said about his recent European stock buys, the news hadn't gotten better but the prices sure had.

The valuations were absurdly low relative to what investors are paying for the US and Japan. Price to earnings ratios - on both a trailing-12 months basis and cyclically adjusted over ten years - are substantially lower for Euro stocks than for their US counterparts. At the same time, dividend yields in Europe are significantly higher.

In addition, you'd have to leave earth to find a more hated asset class. Everyone's underweight Europe - they think it's the "conservative" thing to do while they chase the Russell 2000 at 20 times earnings. Meanwhile it's the largest economy on earth - 760 million people in 48 countries producing $16 trillion in GDP.
read more on The Reformed Broker

Keywords: Europe, European Economy

Related:

Job Curtis, co-portfolio manager of the Henderson Global Equity Income Fund, provides his views on the improving economic background and describes the Fund's positioning both geographically and by sector.

07/25/13

Permalink 08:00:44 pm, by editor of MarketObservation.com Email , 13 words   English (US)
Categories: Economics United States

US an outlier:

Source: The Wall Street Journal

Keywords: Health Care Spending, GDP

07/18/13

Permalink 01:02:45 pm, by editor of MarketObservation.com Email , 45 words   English (US)
Categories: Economics Global

Extremley relevant graph for the judgement of the innovation power of countries.

Source: voxEU

Keywords: Inventors, Immigrants, Emigrants, Inventors

Related:

Global Innovation Index 2013

2013 top ten in Innovation Index Ranking:

1 Switzerland 66.6 (Score)
2 Sweden 61.4
3 United Kingdom 61.2
4 Netherlands 61.1
5 United States of America 60.3
6 Finland 59.5
7 Hong Kong 59.4
8 Singapore 59.4
9 Denmark 58.3
10 Ireland 57.9

07/17/13

Permalink 08:17:46 am, by editor of MarketObservation.com Email , 147 words   English (US)
Categories: Economics United States

James D. Hamilton, Off-Balance-Sheet Federal Liabilities,University of California, San Diego, June 1, 2013, Revised: July 3, 2013

Abstract:

"Much attention has been given to the recent growth of the U.S. federal debt. This paper examines the growth of federal liabilities that are not included in the officially reported numbers. These take the form of implicit or explicit government guarantees and commitments. The five major categories surveyed include support for housing, other loan guarantees, deposit insurance, actions taken by the Federal Reserve, and government trust funds. The total dollar value of notional off-balance-sheet commitments came to $70 trillion as of 2012, or 6 times the size of the reported on-balance-sheet debt. The paper reviews the potential costs and benefits of these off-balance-sheet commitments and their role in precipitating or mitigating the financial crisis of 2008."

Read also more on Econbrowser, the blog of the author.

Keywords: US Government Liabilities, Government Debt, Public Off Balance Sheet Commitments

Permalink 02:54:20 am, by editor of MarketObservation.com Email , 135 words   English (US)
Categories: Economics Global, Economics Asia

Washington Post, Wonkblog: A very clear explanation of China’s economic woes, July 1, 2013

One of the biggest economic stories in the world right now is the sharp slowdown in China’s economy. On Monday, the country reported that it had grown just 7.5 percent in the second quarter of 2013, a worrisome drop from previous quarters.

To get a clearer sense of why China is in such economic turmoil — and whether it could drag the rest of the world down with it — I called up Patrick Chovanec, a longtime China watcher who is currently chief strategist at Silvercrest Asset Management and was formerly an associate professor at Tsinghua University’s School of Economics and Management in Beijing. A transcript of our talk follows.
read the whole interview with Patrick Chovanec in the Washington Post

Keywords: China, Chinese Economy

07/14/13

Permalink 02:28:47 pm, by editor of MarketObservation.com Email , 54 words   English (US)
Categories: Economics Global

VoxEU

The Economist: Charlemagne Blog on European Politics

Econbrowser

Freakonomics Blog

The Becker Posner Blog

Economist's View

Marginal Revolution

The Circle Bastiat

Follow the latest discussion in the academic blogosphere (a service rendered by St.Louis Fed):

07/13/13

Permalink 09:19:57 am, by editor of MarketObservation.com Email , 579 words   English (US)
Categories: Economics Global

Keller, Sara; Schanz, Deborah, Measuring tax attractiveness across countries, Working Paper, Otto Beisheim School of Management and Ludwig-Maximilians-University Munich, June 2013

Abstract:

"This paper develops a new tax measure – the Tax Attractiveness Index – reflecting the attractiveness of a country’s tax environment and the tax planning opportuni-ties that are offered. Specifically, the Tax Attractiveness Index covers 16 different compo-nents of real-world tax systems, such as the statutory tax rate, the taxation of dividends and capital gains, withholding taxes, the existence of a group taxation regime, loss offset provi-sion, the double tax treaty network, thin capitalization rules, and controlled foreign compa-ny (CFC) rules. We develop methods to quantify each tax factor. The Tax Attractiveness Index is constructed for 100 countries over the 2005 to 2009 period. Regional clusters in the index as well as in the application of certain tax rules can be observed. The evaluation of individual countries based on the index corresponds – but is not totally identical – with the OECD’s ‘black’ respectively ‘grey’ list. By comparing the Tax Attractiveness Index with the statutory tax rate, we reveal that even high tax countries offer favorable tax condi-tions. Hence, the statutory tax rate is not a suitable proxy for a country’s tax climate in any case since countries may set other incentives to attract firms and investments."

Below is an excerpt from the paper conclusion, which explains that the statutory tax rate is not a suitable proxy for country comparisons and that special incentives have to be considered. The paper shows that also various EU countries apply aggressive special measures to attract firms. Looking at the tax attractiveness index constructed here one has to recognize that some EU countries such as The Netherlands, Ireland and more and more the UK belong to most aggressive tax jurisdictions. Furthermore, various "black lists" constructed by the OECD and specific countries could have a political element in it and might not be solely based on analytical measures.

Excerpt from paper conclusion:

"This paper develops a new tax measure – the Tax Attractiveness Index. The index co-vers 16 different tax factors, many of which have been neglected in existing tax measures so far. Hence, the Tax Attractiveness Index represents a new approach to measuring the attrac-tiveness of a country’s tax environment and the tax planning opportunities that are offered. We find that off-shore tax havens, such as Bermuda, the Bahamas, and the Cayman Islands provide very favorable tax conditions as reflected by high index values. However, certain Eu-ropean countries, such as Luxembourg, Cyprus, the Netherlands, Ireland, and Malta also achieve high index values. In further analyses, we observe regional clusters in the Tax Attrac-tiveness Index and certain tax rules. Moreover, we show that the index corresponds with the OECD lists of countries and tax regimes that are perceived as constituting harmful tax compe-tition. However, several exceptions can be noticed revealing that certain countries were re-moved from the OECD list although their tax environments did not change significantly. Fur-thermore, we find that the statutory tax rate is not a suitable proxy for a country’s tax envi-ronment in any case. In contrast, countries set incentives other than the statutory tax rate to attract firms and investments. Especially in Europe, many high tax countries offer extremely favorable tax conditions." Source: Keller, Sara; Schanz, Deborah, Measuring tax attractiveness across countries

Keywords: Taxes, Tax Attractiveness

Related: You find on the blog a table with the top 100 list

Tax Prof. Blog: Tax Attractiveness Index: U.S. Is Ugly Betty (95th of 100 Countries, Right Below Zimbabwe)

07/06/13

Permalink 08:26:23 am, by editor of MarketObservation.com Email , 18 words   English (US)
Categories: Economics United States, Economics Global

Source: Financial Sense

Shadow Stats

Explanation of background of shadow stats on Wikipedia

Keywords: Inflation official, Inflation real

07/05/13

Permalink 10:16:07 pm, by editor of MarketObservation.com Email , 10 words   English (US)
Categories: Economics Global


Inflation Overview: Basic understanding of Inflation





Keywords: Economics, Inflation Overview

07/01/13

Washington Post Opinion: Cheap money can’t buy a strong economy,by Robert J. Samuelson, June 23, 2013

Excerpt:

..."That’s one downside: Cheap money is hard to reverse gracefully. The larger problem is that central banks are trying to do things beyond their powers. Says Stephen Cecchetti, the chief BIS economist: “Monetary stimulus alone cannot put economies on a path to robust, self-sustaining growth, because the roots of the problem preventing such growth are not monetary.” In the annual report, he argues that low interest rates might even be counterproductive. They make it easier to finance large budget deficits and may delay needed, though unpopular, cuts"...

read the whole article in The Washington Post

Keywords: Monetary Policy, Easy Money

06/28/13

Permalink 07:30:13 am, by editor of MarketObservation.com Email , 432 words   English (US)
Categories: Economics United States, Economics Europe

A step in the dark: unconventional monetary policy after the crisis; Andrew Crockett Memorial Lecture by Raghuram Rajan, June 2013

Here is an excerpt about crisis roots in the Euro Area:

..."Recognizing the need to find new sources of growth, the United States towards the end of Jimmy Carter's term, and then under Ronald Reagan, deregulated industry and the financial sector, as did Margaret Thatcher's United Kingdom. Competition and innovation increased substantially in these countries. Greater competition, freer trade, and the adoption of new technologies, increased the demand for, and incomes of, highly skilled, talented, and educated workers doing non-routine jobs like consulting. More routine, once well-paying, jobs done by the unskilled or the moderately educated were automated or outsourced. So income inequality emerged, not primarily because of policies favoring the rich, but because the liberalized economy favored those equipped to take advantage of it.

The short-sighted political response to the anxieties of those falling behind was to ease their access to credit. Faced with little regulatory and supervisory restraint, sometimes based on the faith that private incentives worked best in this best of all worlds, the financial system overdosed on risky loans to lower middle class borrowers, aided and abetted by very low policy interest rates.

Continental Europe did not deregulate as much, and preferred to seek growth in greater economic integration. But the price for protecting workers and firms was slower growth and higher unemployment. And, while inequality did not increase as much as in the US, job prospects were terrible in the Euro periphery for the young and unemployed, who were left out of the protected system.

The advent of the euro was a seeming boon, because it reduced borrowing costs and allowed countries to create jobs through debt-financed spending. The crisis ended that spending, whether by national governments (Greece), local governments (Spain), the construction sector (Ireland and Spain), or the financial sector (Ireland). Unfortunately, spending pushed up wages, especially but not exclusively in the non-traded sectors like government and construction. Without a commensurate increase in productivity, the heavy spenders became increasingly uncompetitive and indebted and started running large trade deficits.

Of course, it did not seem at that time that countries like Spain, with its low public debt and deficits, were overspending. But as Andrew Crockett foresaw, the boom masks lending problems. Spanish government revenues were high on the back of the added activity and the additional taxes, and so spending seemed moderate. However, if spending was adjusted for the stage of the cycle, it was excessive"....

read the talk on the BIS homepage

Keywords: Monetary Policy, Financial Crisis

06/26/13

Permalink 07:09:36 am, by editor of MarketObservation.com Email , 124 words   English (US)
Categories: Economics Global

Pragmatic Capitalism: Didier Sornette: How we can Predict the Next Financial Crisis, June 17, 2013

“While financial crashes, recessions, earthquakes and other extreme events appear chaotic, Didier Sornette’s research (done at Swiss Federal Institute of Technology, Zurich) is focused on finding out whether they are, in fact, predictable. They may happen often as a surprise, he suggests, but they don’t come out of the blue: the most extreme risks (and gains) are what he calls “dragon kings” that almost always result from a visible drift toward a critical instability. In his hypothesis, this instability has measurable technical and/or socio-economical precursors. As he says: “Crises are not external shocks.”

go to "Pragmatic Capitalism" to see Didier Sornette's TED speech video

Keywords: Financial Crisis, Forecasts, Predictions, Crisis Indicators

06/23/13

Permalink 12:03:18 pm, by editor of MarketObservation.com Email , 4 words   English (US)
Categories: Economics Global

Keywords: Self-Driving Cars, Robots

Permalink 11:32:25 am, by editor of MarketObservation.com Email , 5 words   English (US)
Categories: Economics Global

Keywords: Innovation, Technologies, Disruptive Technologies

06/21/13

Permalink 07:34:02 am, by editor of MarketObservation.com Email , 24 words   English (US)
Categories: Economics United States

06/19/13

Permalink 08:07:47 am, by editor of MarketObservation.com Email , 133 words   English (US)
Categories: Economics United States

WSJ: Niall Ferguson: The Regulated States of America Tocqueville saw a nation of individuals who were defiant of authority. Today? Welcome to Planet Government, June 18, 2013

..."Right now there are 4,062 new regulations at various stages of implementation, of which 224 are deemed "economically significant," i.e., their economic impact will exceed $100 million.

The cost of all this, Mr. Crews estimates, is $1.8 trillion annually—that's on top of the federal government's $3.5 trillion in outlays, so it is equivalent to an invisible 65% surcharge on your federal taxes, or nearly 12% of GDP. Especially invidious is the fact that the costs of regulation for small businesses (those with fewer than 20 employees) are 36% higher per employee than they are for bigger firms."..
Source: Wall Street Journal

read the full article in the Wall Street Journal

Keywords: United States, Regulation, Cost of Regulation

06/17/13

Permalink 07:16:09 am, by editor of MarketObservation.com Email , 205 words   English (US)
Categories: Economics United States, Economics Global

The Atlantic: The Real Reason Cities Are Centers of Innovation, June 13, 2013

MIT researcher Wei Pan about why many cities grow more than linearly:

..."There have been plenty of theories. Adam Smith famously figured that people become more productive when we’re able to specialize, each of us honing a separate area of expertise. And when lots of us elbow into cities, we’re able to specialize in ways that we can’t when a rural farmer must also double as his own butcher, accountant and milkmaid. Other economists have suggested that cities become great agglomerators of industry when factories cluster together around economies of scale and communal access to transportation.

"We think there’s an underlying completely different way of thinking here, which is very different from the economist’s way of thinking," says Pan, a doctoral candidate in computational social science in the MIT Media Laboratory's Human Dynamics Lab. Previous work by researchers at the Santa Fe Institute has proven the math behind the power of cities: As they grow in population, all kinds of positive outcomes like patents and GDP and innovation (and negative ones like STDs and crime) grow at an exponential factor of 1.1 to 1.3."
.. Source: The Atlantic

Keywords: Economic Growth, Growth of Cities, Connected Economy, Innovation

Permalink 06:50:00 am, by editor of MarketObservation.com Email , 79 words   English (US)
Categories: Economics United States

Forbes: IRS Scandal: Tip Of The Iceberg, by David Malpass, June 2013

.............. "Many believe that a financial crisis will force spending limits. But those probably won’t come until it’s too late to correct the system. The solution is to rebuild the legal restraints on federal activities using the Tenth Amendment and a rewritten debt limit that forces politicians to make spending choices across both discretionary and entitlement accounts." Source: Forbes

Read full article in Forbes

Keywords: Government Power, Government Spending

<< 1 2 3 4 5 6 7 8 9 10 11 ... 161 >>

Search

XML Feeds

http://feed.mikle.com/

________________________________________________________________________________________________________ ________________________________________________________________________________________________________

Recommended search items and names(click on terms):

ECONOMIC INDICATORS AND OUTLOOKS (click on names):

BIS Quarterly Review, Case Shiller Index, IFO Outlook, Institute for Supply Management, Michigan Consumer Sentiment Index, Philadelphia Fed Regional Index,

RECOMMENDED SEARCH NAMES(click on names):

George A. Akerlof, Bernanke, Olivier Blanchard, Alan S. Blinder, Buffett, Tyler Cowen, Niall Ferguson, Bruno S. Frey, Milton Friedman, Herb Greenberg, Greenspan, Michael Jensen, L.S. Karp, Charles Kindleberger, Krugman, Gregory Mankiw, Robert C. Merton, Nouriel Roubini, Kenneth Rogoff, Carmen Reinhart, David Rubenstein, Schumpeter, Anna Schwartz, Amartya Sen, Robert J. Shiller, Jeremy Siegel, Hans-Werner Sinn, George Soros, Joseph Stiglitz, Paul Volcker, Martin Wolf, Janet Yellen, Luigi Zingales, _________________________________________________________________________________

(Free comprehensive country statistics and rankings)

________________________________________________________________________________________________________ _________________________________________________________________________________

LEADING ECONOMISTS DEBATE THE CRISIS:

________________________________________________________________________________________________________

BLOGROLL

ECONOMICS, LAW AND POLITICS:

ECONOMICS AND BUSINESS: LAW: ETHICS: POLITICS: _________________________________________________________________________________

ECONOMIES:

_________________________________________________________________________________

STATISTICS SOURCES:

_________________________________________________________________________________

ECONOMIC OUTLOOK:

________________________________________________________________________________________________________

THINK TANKS:

________________________________________________________________________________

GLOBALIZATION:

_________________________________________________________________________________

LINKS TO SELECTED WORKING PAPER SITES:

_________________________________________________________________________________ _________________________________________________________________________________

TAXES:

_________________________________________________________________________________
April 2014
Sun Mon Tue Wed Thu Fri Sat
 << <   > >>
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30      
powered by b2evolution free blog software