Yearly Archives - 2023

… capital market in the era of postliberal capitalism

The primary function of the capital market is to bring together investors who buy securities with those who sell them. The three main participants of the capital market are individuals (also known as investors), borrowers and shareholders[1]. Based on...

A weaker euro is affecting everything and cutting some gains in the country

By far, the euro's biggest obstacle is a single monetary policy that often does not suit local economic conditions. It is common for EU countries to benefit under these conditions. In contrast, others, including Albania, suffer from this discriminatory course...

Politicians in capitalism, citizens in socialism

In a capitalist economy, the government acts as a regulatory and supplementary body. Whereas, in a socialist economy, the government plays a comprehensive role in all economic activities, such as production, distribution and consumption of a country. These are responsibilities...

Tax Systems in the Western Balkans, 2023

"Tax Systems in the Western Balkans, 2023" (in Albanian) is a paper based on the examination of the tax legislation in the practice of 2022 and compared with the report of previous years with the same theme of fiscal policies. This...

Wage increase bill, confidence, and economic security for the people

In the Eurozone, the government wage bill accounts for almost a quarter of total government expenditure and about 10% of GDP, so it is important from a macroeconomic point of view[1]. In Albania, the government wage bill...

The Pedal of Fiscal and Monetary Policy: Who Has Been Pressed Harder?

The sharp tightening of monetary policy has often caused financial stress or even crises, especially in developed economies, but also in developing countries. Because of higher credit and currency risks, global investors have typically pulled out quickly when interest rates...

Ekonomia e rajoneve shqiptare larg perspektivës së zhvillimit të qëndrueshëm

Ekonomia e rajoneve është e mbizotëruar nga bujqësia, ku nivelin më të lartë e gjejmë në Fier me 45.5% të ekonomisë rajonale dhe nivelin më të ulët e gjejmë në Tiranë me 3.8% të ekonomisë rajonale. Rajoni verior i vendit

…to create a resilient fiscal shield to adjust to shocks

Inflation can affect public finances through multiple channels. It tends to expand tax bases in nominal terms, increasing nominal tax revenues, but it can also increase the cost of government spending, more directly for budget items that are automatically indexed...

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