In past decades, central banks in developed countries, such as the Bank of England, the European Central Bank and the Federal Reserve, have often dropped rates to spur post-recession economic growth. However, in the decade following the Great Recession of 2008, several central banks experimented with negative interest rates, with Denmark being the first toContinue reading “The failure of Negative Interest Rates”
Category Archives: Current Affairs
A better alternative to welfare
Universal credit was introduced in 2012, with the intention of simplifying the overcomplicated welfare system. Conversely, Universal Credit has turned out to be far more complicated than was initially intended, insofar as a radical overhaul of the welfare system is necessary. The replacement of both the bureaucratic, means-tested tax credits and Universal Credit, with aContinue reading “A better alternative to welfare”
Long-term US Inflation?
Inflationary fears have returned to the US, as the worst of the pandemic comes to an end. Following periods of expansionary economic policy, fears of excessive inflation have naturally always arisen – as was the case in 2017, following the expansionary tax reductions passed by the Trump Administration. However, given the sheer amount of stimulusContinue reading “Long-term US Inflation?”
Global Minimum Corporate Tax. A good idea?
At the time of writing, 130 countries have backed a global minimum corporate tax rate of 15% – designed to discourage multinational corporations from purposefully redistributing profits and thus manipulating their tax returns in the process. The aim is to increase tax revenues, by taxing corporations regardless of where their sales are made. However, theContinue reading “Global Minimum Corporate Tax. A good idea?”
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