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  • Publication Date: 01-2012
  • Content Type: Policy Brief
  • Institution: Oxford Economics
  • Abstract: The Spanish government has announced that the fiscal deficit for 2011 may be even worse than expected, perhaps even exceeding 8% of GDP. In response to this overshoot, the authorities have so far announced additional spending cuts and tax rises amounting to €15bn. But fiscal tightening will have to be even more severe if the government wants to meet its 4.4% of GDP deficit target for 2012.
  • Topic: Debt, Economics, Government, Monetary Policy, Financial Crisis
  • Political Geography: Spain
  • Publication Date: 01-2012
  • Content Type: Policy Brief
  • Institution: Oxford Economics
  • Abstract: The Federal Reserve has taken additional actions to make its monetary policy more transparent to markets. The latest moves include the release of FOMC members' expectatins for the federal funds rate at the end of each of the next few years and in the longer term. Another is an statement of strategy for meeting its dual mandates of price stability and full employment. Although the statement included an explicit target for inflation but not for unemployment, the equal weights given to each goal afford the Fed more discretion in setting monetary policy.
  • Topic: Economics, Government, Global Recession, Monetary Policy, Financial Crisis
  • Political Geography: United States
  • Publication Date: 01-2012
  • Content Type: Policy Brief
  • Institution: Oxfam Publishing
  • Abstract: With the outlook for exports subdued and investment weak, we expect industrial output growth to slow further in 2012H1. But consumption is taking up the slack and fiscal policy is set to be supportive. As a result, we only expect a relatively modest slowing in growth in 2012 to 8.4% from 9.2% in 2011. But with house prices still falling in December, we remain concerned about the risk of a sharp slowing in the property market leading to strains on local government finances and a hard landing for growth, particularly with the external environment weak. However, central government finances are strong and fiscal transfers could provide a significant cushion in the event of a property bust.
  • Topic: Communism, Economics, Government, International Trade and Finance, Global Recession
  • Political Geography: China, Israel
  • Author: Mark A. Calabria
  • Publication Date: 02-2012
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: While Fannie Mae, Freddie Mac, and private subprime lenders have deservedly garnered the bulk of attention and blame for the mortgage crisis, other federal programs also distort our mortgage market and put taxpayers at risk of having to finance massive financial bailouts. The most prominent of these risky agencies is the Federal Housing Administration (FHA).
  • Topic: Debt, Economics, Government, Financial Crisis
  • Political Geography: United States
  • Author: Scott Flower, Jim Leahy
  • Publication Date: 03-2012
  • Content Type: Policy Brief
  • Institution: Lowy Institute for International Policy
  • Abstract: This paper draws on fieldwork undertaken by the authors between January 2011 and January 2012 among local communities in Port Moresby and three of the more unstable highlands provinces of PNG (Southern Highlands, Western Highlands and Enga).
  • Topic: Political Violence, Democratization, Government, Politics, Fragile/Failed State
  • Political Geography: Asia, Australia/Pacific, Guinea
  • Author: Karl P. Sauvant, Jonathan Strauss
  • Publication Date: 04-2012
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: Developing country sovereign wealth funds (SWFs) as players in the world foreign direct investment (FDI) market have received considerable attention. While outward FDI from emerging markets has indeed risen dramatically, that by SWFs has been negligible: their outward FDI stock is around US$ 100 billion (compared to a world FDI stock of US$ 20 trillion in 2010).
  • Topic: Development, Economics, Emerging Markets, Government, International Law, Foreign Direct Investment
  • Political Geography: United States
  • Publication Date: 12-2012
  • Content Type: Policy Brief
  • Institution: Aspen Institute
  • Abstract: The relationship between population dynamics and economic expansion is complex, but demographic changes play an important role in national development. While it is widely accepted that population growth rates do not have any consistent effect on economic growth, there is one set of population changes that can result in major economic benefits, as well as improved well - being for families and societies. This powerful opportunity is known as the demographic dividend, and it offers the potential to boost economic growth and poverty reduction — but only if government leaders implement sound policies.
  • Topic: Demographics, Economics, Government, Health Care Policy
  • Author: Sasiwan Chingchit
  • Publication Date: 02-2012
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: Burma's ongoing democratic and economic transition has created an unprecedented opportunity for India and Thailand to cooperate and strengthen economic links between South and Southeast Asia. It was therefore no coincidence that the Indian government invited Ms. Yingluck Shinawatra, Thailand's prime minister, to be the chief guest at the country's annual Republic Day parade on January 26. Even more symbolic was that the Thai premier's visit to New Delhi overlapped with that of Burma's foreign minister, Mr. Wanna Maung Lwin, who came to discuss progress on economic and security relations and extended an invitation to India's Prime Minister Manmohan Singh to visit his country.
  • Topic: Democratization, Economics, Government, International Trade and Finance
  • Political Geography: South Asia, India, New Delhi, Burma, Thailand, Southeast Asia
  • Author: Peter Mattis
  • Publication Date: 02-2012
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: The recently ended standoff between the villagers of Wukan in Guangdong province and local government officials has refocused attention on China's future stability. The more than 100,000 officially reported incidents of unrest each year gives observers the false impression that the Chinese Communist Party (CCP) in Beijing barely holds the country together. Pressure may be building, but China's stability is like a champagne bottle. Until the cork pops, the bottle and its contents are stable. The question is how much pressure is building and how much wine is spilt when the cork flies out.
  • Topic: Communism, Democratization, Economics, Government
  • Political Geography: China
  • Author: Melissa Crouch
  • Publication Date: 01-2012
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: One of the major challenges for any government is how to manage religious diversity, and how to provide for religious minorities in particular. In Indonesia there are six officially recognized religions: Islam, Protestantism, Catholicism, Buddhism, Hinduism and Confucianism. In addition, a wide range of other indigenous religions and beliefs exist outside of these groups. Melissa Crouch, Research Fellow at the University of Melbourne Law School writes that "While Indonesia's transition to democracy in 1998 brought about greater freedoms for all religious groups, there has also been a dramatic increase in convictions of 'deviant' groups for blasphemy."
  • Topic: Democratization, Government, Islam, Sectarianism
  • Political Geography: Indonesia