Workfare - A system making income support for the unemployed conditional on their performing some form of work for which they are suitable.
A 1989 agreement for restructuring Mexico’s external debt, proposed by the US Secretary of the Treasury.
The package of policies adopted in the US in the 1930s under President Franklin D. Roosevelt to promote economic recovery from the Great Depression.
An exploration of food subsidies, their role in the economy, and their broader socio-economic impacts.
The process of reducing or removing restrictions on international trade to promote economic efficiency.
Control over wage rates as part of a prices and incomes policy.
Retaliation measures in international trade to deter further restrictions by foreign entities.
An economic policy that utilizes the tax system to control inflation by influencing wages and prices.
A UK government interdepartmental committee that reviewed expenditure plans, ceasing operation in 1984.
A policy dependent on the credibility and trustworthiness of policy-maker’s promises
A comprehensive guide to the Washington Consensus, its origins, principles, and impact on economic policies in less-developed countries.
A US body of three academics appointed to advise the President on the state of the economy and assist in economic policy formulation.
A tax levied on the value of expenditure and also known as a consumption tax. It is seen as an alternative to income tax for personal taxation.
A comprehensive overview of indexation, detailing its conceptual framework, historical background, and its application within various economic schools.
A policy of unrestricted foreign trade, with no tariffs, subsidies, quotas, or trade restrictions, typically applying to most, but not all goods.
A comprehensive overview of the Generalized System of Preferences (GSP) in economics, its historical context, definitions, major frameworks, comparative analysis and further studies.
An exploration of the concept of first-best allocations in economics, its efficiency and limitations.
Exploring the concept, historical context, and analytical frameworks of austerity measures in economics.
Economic mechanisms that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.
Definition and detailed analysis of autonomous investment in economics.
The 'Bank of the South,' a Latin American development bank established to provide an alternative to the IMF and World Bank.
A comprehensive entry detailing the definition, history, and implications of the Bank Rate.
A policy that aims to benefit one country at the expense of others by mitigating economic issues internally, often worsening the issues for trading partners.
The principle that the cost of public expenditures should be met by those who benefit from them.
The report of the Independent Commission on International Development Issues aimed at fostering North-South cooperation, chaired by Willy Brandt, and published in 1980.
An economic evaluation method prioritizing the reduction of welfare losses over increases.
Laws and regulations designed to ensure the rights of consumers are upheld and to safeguard against harmful practices.
A set of criteria established for EU member states to meet before adopting the euro.
An overview of credit restriction, also known as credit control, its meaning, and implications in economics.
An economic policy package intended to restrain the level of demand by restricting credit.
A decrease in the value of one currency in terms of other currencies.
An entry outlining the meaning, historical context, analytical frameworks, and related concepts of customs duty, a tax on imports.
A legislative act of the European Union that requires member states to achieve a specified outcome but which does not dictate the method of achieving the outcome.
The willingness of the state to intervene in the economy, either systematically or in an ad hoc manner.
An overview of the term 'discretion' in the context of economic policy formulation, including theories and frameworks.
Understanding discretionary policy in economics where policy measures are based on the judgment of policy-makers.
Restrictions on the distribution of dividends by firms to balance wage controls and regulate profits.
The practice of selling goods in a foreign country at unfairly low prices.
A comprehensive overview of economic policy, its components, and analytical frameworks used to regulate economic activity.
An aim of economic policy encompassing objectives such as high employment levels, sustainable growth, and stable inflation rates.
US legislation enacted to encourage economic growth through reductions in individual income tax rates, incentives for small businesses, and other measures.
An international agreement for a common market and harmonization of certain economic policies.
Regulations concerning the dismissal of workers by their employers.
An economic policy intended to change total expenditure through various fiscal and monetary measures.
Definition and analysis of the economic term 'Expenditure Switching'
An overview of export promotion, its historical context, definitions, and frameworks in economics.
A policy of increased public spending and lower taxation intended to provide an immediate boost to economic activity.
An in-depth examination of borrowing denominated in a foreign currency, its motivations, implications, and effects on economic stability.
An expression of concerns regarding European isolationism.
An overview of the General Agreement on Tariffs and Trade (GATT), an agency of the United Nations aimed at promoting international trade.
A comprehensive examination of the Glass–Steagall Act, its historical context, frameworks and implications in the field of economics.
The observation by economist C. Goodhart that when a metric is used as a target for policy, it ceases to be a good measure.
An overview of government expenditure, its components, and analytical frameworks
Government failure occurs when government intervention in the economy either does not lead to a Pareto efficient outcome or worsens the situation.
An in-depth analysis of government spending on real goods and services, its implications, and related economic theories.
Gradualism: The belief that it is preferable to make a series of small changes in economic policy rather than a single large change.
HM Treasury (HMT) - The UK ministry for economics and finance.
A quantitative limit to imports of certain goods, often implemented to protect domestic industries.
An overview of income redistribution, including methods, aims, and implications in economic systems.
Official policies concerning the direction of economic activity to particular parts of the economy.
A situation where the level of economic activity is consistent with a stable rate of inflation.
A UK government initiative providing technical assistance to Eastern Europe and former Soviet Union countries transitioning to market economies.
The economics term 'long-term unemployment' explicates a period of unemployment lasting more than one year and its associated economic implications and policy considerations.
An exploration of macroeconomic policy, its objectives, tools, and frameworks.
An exploration of the macroeconomic trilemma, balancing exchange rate stability, monetary policy independence, and capital market openness in an open economy.
The branch of economics that examines aggregate quantities in the economy, including total employment, production, consumption, and imports and exports.
A type of currency system influenced by governmental interventions in foreign exchange markets to stabilize or alter currency values.
A comprehensive analysis of the concept and implications of minimum wage in economic theory and practice.
The strategic combination of multiple policy instruments to achieve economic objectives.
A comprehensive overview of the 'Most Favoured Nation' status in international trade agreements, its historical context, and major analytical frameworks.
Understanding the narrow-band framework within the Exchange Rate Mechanism (ERM) of the European Monetary System.
A comprehensive overview of the National Economic Council, its roles, historical context, and significance in formulating and coordinating economic policies in the United States.
A government institution created in 2015 as the successor to the Planning Commission with objectives revolving around national development, policy design, and implementation monitoring.
An insight into the Office of Management and Budget (OMB), its role, and significance in the preparation and administration of the federal budget in the United States.
A comprehensive overview of Official Development Assistance (ODA) including its background, historical context, major analytical frameworks, and related terms.
Definition and meaning of opaque policy measures in economic policy.
A group of countries that maximizes the benefits of using a single currency.
An international trade policy framework in which goods and services are taxed in their country of production.
An overview of the simultaneous implementation of multiple policy measures by governments to minimize side-effects and address uncertainty about their impacts.
An exploration of political economy, its historical context, and major analytical frameworks.
Government policies to maintain the producer prices of commodities above a minimum level, primarily in agriculture, through market intervention or subsidies.
An overview of the proportional tax system where the tax rate remains constant regardless of the taxable amount.
A policy involving the restriction of international trade to protect domestic industries and affect economic factors.
An approach to the analysis of economic policy focusing on the motivations of bureaucrats and politicians.
A branch of economics focused on how governments manage revenue and expenditure to foster economic stability and growth.
A detailed examination of the realignment of exchange rates, including its historical application and impact within economic systems.
An overview of regional aid, its definitions, frameworks, and comparative analyses.
A situation in which price and wage increases are restrained by official controls.
Exploring the concept, history, and implications of debt repudiation in economics.
Explanation and implications of rules-based policy in economics.
A tax imposed on the sale of goods and services, typically as a percentage of the sales price.
A strategy for sectoral control where rules are devised and enforced by industry insiders.
A benevolent decision-maker who chooses economic policy either to maximize a social welfare function or to attain a Pareto efficient allocation.
A sequence of alternations of official policy between expanding and contracting effective demand within Keynesian economics.
An in-depth look at strategic trade policy and its implications in international economics.
A detailed overview of supply-side policies aimed at increasing aggregate supply in an economy.
The economics term 'tax burden' refers to the total cost plus additional expenses imposed on the economy due to the imposition of taxes.
