Inflation

When we speak of monetary policy in the field of economics, one concept that arises in the mind of each thinker is Bangko Sentral ng Pilipinas (BSP). One of the objectives of BSP's monetary policy is to stimulate a low and even inflation (increase in the general level of prices for goods and services) favorable to a balanced and sustainable economic growth (increase in the number of goods and services produced in the country. It was recognized on July 3, 1993 in agreement to the establishment…

believed that tax cuts would enable rich people to spend and invest more which would generate even more revenue for the government. There were mixed opinions on Reagan’s theory. Some people believed that Reaganomics would spark up and cause high inflation and a rise in interest rates. As a result of this between 1981 and 1982 there was a recession in the US. Europe then followed on to imitate what the US had previously done even though there was little or no proof that it even…

Unemployment rate The definition of unemployment rate is percentages of total workforce who are unemployed and are looking for a job. It can be measure the unemployed in a country and indicates a growing economy which is usually accompanied by higher inflation rate and may influence the interest rate higher or lower. Figure 1: Unemployment rate in Italy from Year 2000 until Year 2016 Based on Figure 1 for the year 2000 the percentage rate of unemployed in Italy is gradually decrease until…

Nowadays, Australia is facing two crucial economic issues, which are increasing the budget deficit and house affordability. In a long term, those two issues can deteriorate the economy that has been in slow growth in the last three years. First, the increasing budget deficit affects an increase in the Australian debt, which deteriorates the economic growth. Second, as the housing prices are significantly overvalued, the Australian economy grows slowly. (In order to solve the rise in budget…

Grade inflation is the continuous habit of awarding higher academic grades progressively to work that deserves to be awarded lower grades in a genuine grading process. Grade inflation is not proven by higher grades achieved but, it is important to point out that those high grades are not deserved. Unfortunately, the big disappointment is that grade inflation on students who deserve them has crept in a rapid trend and those students who don’t deserve them now have them. Body In several years of…

Economics is a relatively new science. At first, there was no need for the study of Economics because everything belonged to the king. In 1776 Adam Smith wrote the famous book "The Wealth of Nations" and that book was the beginning of classical economics. It is quite ironic that the beginning of economic study was the same year as the American independence. Mr. Smith had the idea that individuals would always do what is best for themselves, and because of this, the cumulative result would be…

Following the Second World War, Japan saw unprecedented economic growth and soared to become the second largest economy in the world behind the United States. Fueled by highly successful car and consumer electronics industries, the post-war economic miracle had halted by the 1990’s, leaving behind substantial debt [1]. In years since, Japan has remained an economic power but continues to struggle with sluggish economic growth, falling into recession four times since the global financial crisis…

is the fact that technological unemployment is on the rise since the industrial revolution. In the other hand, Charles Sizemore believes that technological unemployment is nothing new because it has been happening for years. He also believes that inflation caused by technology will fix itself. However, statistics from all three scholars show that technology is now destroying more jobs than it creates. Furthermore, they believe that advanced technology is causing more harm than…

Prior to the Great Depression, government policies related to economics were based on a policy called laissez-faire (“What Is Fiscal Policy?”). This French theory idealizes a smaller government role, arguing that the country would function more efficiently without government surveillance ("Laissez Faire Definition | Investopedia"). Popular in the 18th century around the globe, colonists opposed monarchical government and British rule, employing instead ideas of small government (“What Is…

PESTE analysis reveals three main environmental factors that significantly affect the tour operators, which are economic, social, and technology. ● Economic Tour operator businesses are greatly affected by economic circumstances. Economic growth, inflation and income affect customer’s spending power and decisions on whether to purchase tour packages. Therefore, changes in…