Tag: Inflation
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Bracket Creep in Australia
Australian taxpayers are to be slugged an extra $38.5 billion in tax hikes over the next 4 years without notice. While, the cumulative cost of bracket creep is forecast to be $50.9 billion by 2018-19. Bracket creep is when inflation pushes additional earned income into higher tax brackets. Legislative inaction…
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CPI vs GDP Deflator
In this article the Consumer Price Index and GDP deflator will both be covered, leading on from introducing them in the article on Macroeconomics – Theory & Data. The increase in the overall price level is called inflation, therefore, economists use the GDP deflator and CPI to measure Inflation. “The…
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Recession & Recovery – Robert Higgs
This article is a summary of the views expressed by Robert Higgs in his article Recession and Recovery: Six Fundamental Errors of the Current Orthodoxy. And how the article compares to the approach taken by Gregory Mankiw in his well known textbooks along with Keynes theories as their arguments can…
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Inflation
The inflation rate is a measure of the increase in asset prices, measuring the percentage change in the average price level from the previous year. Where a positive inflation rate means rising prices, a negative inflation rate means falling prices, and a declining positive inflation rate means rising prices at a…
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Property Rights & Political Stability – India
Even though India is a growing export economy, India is held back by the destructive government regulation that eliminated the rule of law. “China and India clearly stand out as the two largest middle-income countries of origin”. (WIPO, Cornell University, & INSEAD, 2014) Encouraging areas of opportunity associate around India’s…