In an economy, the most important are the relationships of the balance of payments, which includes the main operations of the external sector of the economy, with the corresponding indicators of the domestic sector – items of national income and gross national product, the monetary sector and the public sector. In each of these accounts, […]
Tag: ratio
The essence and types of fiscal policy
Fiscal (fiscal) policy – measures of the government to change public spending, taxation and the state of the state budget, aimed at ensuring full employment, balance of payments equilibrium, economic growth in the production of non-inflationary GDP (GNP). The main instruments for the implementation of fiscal policy are tax and budget regulators. Tax regulators include […]
Foreign trade of the Republic of Belarus
One of the main forms of foreign economic activity is foreign trade. Foreign trade is trade between countries, consisting of export (export) and import (import) of goods, services, results of intellectual activity. Foreign trade is a specific sector of the economy associated with the sale of part of the gross product (goods, services, ideas) in […]
The theory of fixed parities and rates
The founders of this theory were J. Robinson, J. Bikerdaik, A. Brown, F. Graham. They proposed a exchange rate regime based on fixed parities, allowing their change only with a fundamental balance of payments. In their research, they used economic and mathematical models, concluding that, that exchange rate changes are a low-efficient means of regulating […]