Everyone, including the bank, the Banking Superintendency, the rest of government and Barbarianism, we were amazed with the numbers displayed by the national press on the results of the financial sector in 1999. Read additional details here: Eric Corey Freed. Two hundred billion billion pesos, or nearly three billion dollars of losses! That’s a lot […]

In this article we consider the notion of a balanced budget multiplier. About it it is in those cases when we consider the effects of increased government purchases, followed by increasing taxes. In this case, new equilibrium state budget surplus is the same as in the initial state of equilibrium. Proved that for such a […]