Modelling and forecasting UK public finances

Article Abstract:

The United Kingdom has used a medium-term method in its fiscal policy which utilizes forecasts of public borrowing (PSBR) to analyze future and existing fiscal strategies. The government uses the public sector borrowing requirement to measure public deficits and account for increased taxation. However, PSBR has resulted in forecast errors due to inability to account for a recession in the early 1990s. An alternative model was proposed which considers elements of public spending as endogenous variables to more accurately account for changes in economic activity.

Public Finance Activities, Fiscal Policy, United Kingdom, Models, Analysis, Economic policy, Public finance

---

Minimum wages: possible effects on the distribution of income

Article Abstract:

The possible impact of a national minimum wage on income distribution is examined. Four sample minimum wages, ranging from 3.00 pounds sterling to 4.00 pounds sterling an hour, are tested. The lowest pay observed is an hourly rate of less than 4.50 pounds sterling among 30% of the labor supply. Most of the workers in the population are female. The Minimum wage is found to be a weak method of income redistribution, from the rich to the poor, since the majority of the poor are unemployed.

Minimum Wages, Income Distribution, Research, Wages, Minimum wage

---

Similar abstracts:

• Abstracts: Measuring compliance with the golden rule. Forecasting the public finances in the Treasury. Fighting international tax avoidance: the case of Germany
• Abstracts: Managing an FMS project: a case study. Virtual project management: tools and the trade
• Abstracts: Changing values in corporate governance. Out of the box - into the future! The seeing and thinking organisation ... getting started
• Abstracts: Mentoring through change. Brain dominance and IT change in practice. Reducing the pain of change by understanding expectations
• Abstracts: The learning organisation: rhetoric or reality? Expatriates - what helps them adapt?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.