Description
When it comes to influencing the macroeconomy, governments have two big levers at their disposal - monetary policy and fiscal policy. In this new special by Pete and Gav, your friendly neighbourhood economists, we delve into the second of these, fiscal policy. As always we discuss 10 key questions, which will hopefully give the listener a good overview of what fiscal policy is and provide some insight into some of the key debates surrounding how it is used (and abused). Along the way, you will come across a quiz about fiscal policy including questions about the Chancellor's famous ‘red box’ and other historical minutiae about the UK Treasury. As always you will come away confidently armed with the economic terminology needed to bust through the jargon and engage more fully in economic debate (this is as close as we get to a mission...). We even finish triumphantly with a poem about Fiscal Policy that is even worse than our Monetary Policy one! Technical support as always comes from Nic. Enjoy.
PS The well-worn maxim that a "week is a long time in politics" has perhaps never been more appropriate when looking at UK politics so please forgive the references to the short-lived Truss/Kwarteng partnership that now seems like a distant memory...
PPS When Gav refers to John Lanchester's book 'Whoops!' he meant to refer to 'How to Speak Money' although both are excellent recommended reads!
What makes firms grow? This appears to be an important question, particularly with governments looking for GDP growth to be driven by firms. The normal vehicle for exploring this in Economics would be to use the 'classical' Theory of the Firm but in terms of growth, it doesn’t really have any...
Published 11/04/24
Have you ever wanted to walk in the footsteps of the great economists? Do you want to breathe the same air they breathed? Do you want to be inspired by the ghosts of Economics past? Well now's your chance. Cambridge is rich with economic history and in this podcast special, recorded on the hoof,...
Published 09/27/24