When the economy is at full employment (meaning practically all labor and capital resources are in use), government budget deficits crowd out private investment spending in the standard macroeconomic model. Setting aside foreign capital flows for the moment, borrowing can only be financed...
Those who grew up in the former Yugoslavia remember a time when they lived well and could travel freely abroad. Nowadays many more people feel poor than are picked up by standard income-based measures. Poverty measurement based on official poverty lines...
Where gas is sold as liquefied natural gas (LNG) the point of valuation may be an issue. Gas, like oil, is generally subject to a special tax regime, usually the same one that applies to oil or a modified version. In...
