Thanks for this great lecture. At the end of the slides, you mention that Eurozone countries share the same fiscal policy but I am afraid that is not correct. They share the monetary responsibility, fiscal policies are determined by each member state.
Merhaba Şeyma! The EU has direct control over monetary policy via the ECB. It has an indirect control over fiscal policy via specified GDP-to-Debt ratios that each member state has to maintain. If you recall, Italy locked horns with Brussels recently because they wanted to implement a fiscal stimulus package but were at a risk of being sanctioned as it increased their GDP/debt ratio above the prescribed amount.
for my purpose: a good introduction, but a bit too "not ordered." after discussing the basic balance of payment, the discussion goes to institution, exchange rate, etc. very hard to remember. a good lecture should go from A to B to C. this lecture seems going from A to P to K.
Very helpful for a Communication Student like me who is also studying the Principles of Economics. Thank you so much.
i am currently studying this subject at UNSW, thanks to you i think i might be able to get a HD.
Thanks so much, all I want to do is continue learning and help others too. If you have any questions about the course, please ask. Good luck!
Thanks for this great lecture. At the end of the slides, you mention that Eurozone countries share the same fiscal policy but I am afraid that is not correct. They share the monetary responsibility, fiscal policies are determined by each member state.
Merhaba Şeyma! The EU has direct control over monetary policy via the ECB. It has an indirect control over fiscal policy via specified GDP-to-Debt ratios that each member state has to maintain. If you recall, Italy locked horns with Brussels recently because they wanted to implement a fiscal stimulus package but were at a risk of being sanctioned as it increased their GDP/debt ratio above the prescribed amount.
THANKS
great lecture
Dude you are such a fucking legend
for my purpose: a good introduction, but a bit too "not ordered." after discussing the basic balance of payment, the discussion goes to institution, exchange rate, etc. very hard to remember. a good lecture should go from A to B to C. this lecture seems going from A to P to K.