Keynesian economics

EML Awarded Northern Ireland Government Tender For AU$273million Economic Stimulus Solution

Retrieved on: 
Thursday, July 29, 2021
Professional services, Retail, Technology, Other Retail, Mobile, Wireless, Finance, Credit cards, Fiscal policy, Keynesian economics, MasterCard, Stimulus, Money, Finance, Cashless society

EML Payments (ASX: EML) (S&P/ASX 200) is delighted to win a tender to disburse an AU$273million economic stimulus boost to the citizens of Northern Ireland through Mastercard prepaid cards.

Key Points: 
  • EML Payments (ASX: EML) (S&P/ASX 200) is delighted to win a tender to disburse an AU$273million economic stimulus boost to the citizens of Northern Ireland through Mastercard prepaid cards.
  • The new High Street Scheme (HSS) will provide everyone resident in Northern Ireland, aged 18 and over, with a prepaid card worth 100 to spend in local businesses.
  • It follows the innovative, world-first card-based stimulus solution that EML and Mastercard developed for the Government of Jersey in 2020.
  • ''Our award-winning economic stimulus product trusted by governments worldwide will help to boost the Northern Ireland economy by AU$273million,'' stated Lee Britton, CEO Europe at EML.

Chief Economist Says NRF Revised Forecast Because ‘Great Uncertainty’ Has Transformed Into Clear Recovery

Retrieved on: 
Thursday, July 1, 2021
Other Retail, Supply chain management, Office Products, Online Retail, Luxury, Supermarket, Specialty, Department Stores, Food, Beverage, Retail, Home Goods, Keynesian economics, Fiscal policy, Stimulus

We are seeing not just unprecedented growth from months of pent-up demand as the economy reopens but momentum as well.

Key Points: 
  • We are seeing not just unprecedented growth from months of pent-up demand as the economy reopens but momentum as well.
  • NRF now expects retail sales during 2021 to grow between 10.5 and 13.5 percent over 2020, to a range between $4.44 trillion and $4.56 trillion.
  • Our initial forecast was made when there was still great uncertainty about consumer spending, vaccine distribution, virus infection rates and additional fiscal stimulus, Kleinhenz said.
  • But economic data that has come in since February has made it clear that the initial forecast would easily be exceeded.

Fraser Institute News Release: Saskatchewan’s fiscal crisis reforms in the 1990s provide a roadmap for Atlantic Canada now, which faces similar problems

Retrieved on: 
Thursday, June 24, 2021
Government spending, Keynesian economics, Deficit spending, Government budget balance, Fiscal policy, Government debt, Government

Policymakers in the Maritimes are facing large, long-term fiscal challenges including persistent budget deficits, mounting debt and the threat of rising interest costs.

Key Points: 
  • Policymakers in the Maritimes are facing large, long-term fiscal challenges including persistent budget deficits, mounting debt and the threat of rising interest costs.
  • Fortunately, there are lessons from elsewhere in Canada to learn from, said Alex Whalen, policy analyst at the Fraser Institute and co-author of Fiscal lessons for Atlantic Canada from Saskatchewan .
  • Like Saskatchewan, the region faces the economic challenges of persistent deficit, rising debt, and overall lack of economic opportunity.
  • For solutions, policymakers can look to Saskatchewan, which during the 1990s went from the brink of insolvency to relative fiscal health.

Global Personal Luxury Goods Market On Track For Recovery

Retrieved on: 
Monday, May 17, 2021
Goods, Keynesian economics, Brand management, Luxury goods, Stimulus

b'MILAN, May 17, 2021 /PRNewswire/ -- Following a turbulent year, the luxury market has started its path towards recovery.

Key Points: 
  • b'MILAN, May 17, 2021 /PRNewswire/ -- Following a turbulent year, the luxury market has started its path towards recovery.
  • Renewed consumer confidence coupled with stimulus and a rapid vaccine rollout has meant that luxury consumption returned at surprisingly fast pace.
  • There are two possible trajectories for the recovery in 2021:\nScenario 1 (probability 30%): Recovery path to continue throughout 2021, winning back 2019 market level as early as this year.
  • The appetite of China and Chinese nationals for luxury remains insatiable and all customer nationalities are positively growing or on a recovery path.

Michael Palser Publishes Innovative Economic Tool Designed to Generate Billions in Financial Assistance From Spare Change: 'The American Stimulus Program: Empowering Citizens to Create Economic Stimulus Every Week'

Retrieved on: 
Thursday, April 29, 2021
Fiscal policy, Keynesian economics, Consumer spending, Stimulus, Scattershot

"The American Stimulus Program" (ASP) proposes the voluntarily pooling of disposable income from the American public before redistributing those funds through fair, nonpartisan weekly national drawings organized state by state.

Key Points: 
  • "The American Stimulus Program" (ASP) proposes the voluntarily pooling of disposable income from the American public before redistributing those funds through fair, nonpartisan weekly national drawings organized state by state.
  • "The Federal stimulus packages have also been scattershot and not directed with any true accuracy to the people who actually need it.
  • This major economic tool stimulates our economy\'s most vital component: consumer spending, in an unbiased, nonpartisan way that is wholly unique across the globe.
  • The ASP should inspire legislators to construct a national online infrastructure to help support citizens and our economy.\n'

Consumers Anticipate Normal Spending as Economic Outlook Brightens

Retrieved on: 
Monday, April 26, 2021
Keynesian economics, Fiscal policy, Stimulus

b"TEMPE, Ariz., April 26, 2021 /PRNewswire/ --The state and national economic outlook has brightened as federal stimulus programs are expected to boost output and employment in the months ahead, according to Arizona State University economists.

Key Points: 
  • b"TEMPE, Ariz., April 26, 2021 /PRNewswire/ --The state and national economic outlook has brightened as federal stimulus programs are expected to boost output and employment in the months ahead, according to Arizona State University economists.
  • With the economy rebounding and consumers looking forward to resuming more normal spending patterns, the annual Economic Outlook is an important event to attend.
  • The school is internationally regarded for its research productivity and its distinguished faculty members, including a Nobel Prize winner.
  • Students come from more than 100 countries and W.P.Carey is represented by alumni in over 160 countries.

What Americans Think Of The Recovering Economy

Retrieved on: 
Wednesday, April 21, 2021
Keynesian economics, Fiscal policy, Unemployment, Stimulus, Economy, Articles, Public policy, Unemployment in the United States, American Rescue Plan Act

A U.S. Labor Department report on April 15 showed that unemployment lines were improving with 200,000 less U.S. workers filing for initial unemployment benefits.

Key Points: 
  • A U.S. Labor Department report on April 15 showed that unemployment lines were improving with 200,000 less U.S. workers filing for initial unemployment benefits.
  • A Federal Reserve report on April 15 revealed that industrial production, a key performance indicator of the American economy, increased 1.4% last month as measured by factory and utility output.\nIS THE RECOVERING ECONOMY DUE TO THE FEDERAL GOVERNMENT\'S COVID-19 STIMULUS AID PACKAGE?\nAmericans were asked if they believe the federal government\'s COVID-19 stimulus aid package will boost economic growth.
  • Americans who had the highest response rate of saving it were aged 18 to 29 (29%).
  • Respondents for this survey were selected from over 2.5 million people who take surveys on the SurveyMonkey platform each day.

2021 Strategy Dossier on the World's 7 Leading Construction Equipment Manufacturers - Caterpillar, Komatsu, Volvo, CNH, John Deere, Hitachi and Kobelco - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 13, 2021
Other Manufacturing, Manufacturing, Keynesian economics, Fiscal policy, Presidency of Joe Biden, Joe Biden, Stimulus, Democrats United States), Government, Federal government of the United States, COVID-19 recession, Economic history

b'The "Annual Strategy Dossier - 2021 - World\'s 7 Leading Construction Equipment Manufacturers - Caterpillar, Komatsu, Volvo, CNH, John Deere, Hitachi, Kobelco" report has been added to ResearchAndMarkets.com\'s offering.\nGlobal Construction Equipment Sales Fare Better than Expected in 2020 with Market Resistance led by China, Strong Demand likely in 2021 led by Fiscal Stimulus Measures & Global Economic Recovery - Proposed $2 Trillion U.S. Infrastructure Plan and Technological Evolution by Industry to Spearhead Demand Growth over Medium Term\nThe 2021 edition of the report analyses the overall strategy focus and provides Insights into & Comprehensive analysis of the Strategies & Plans being conceptualized & pursued by the World\'s 7 Leading Construction Equipment manufacturers for the near to medium term horizon.

Key Points: 
  • b'The "Annual Strategy Dossier - 2021 - World\'s 7 Leading Construction Equipment Manufacturers - Caterpillar, Komatsu, Volvo, CNH, John Deere, Hitachi, Kobelco" report has been added to ResearchAndMarkets.com\'s offering.\nGlobal Construction Equipment Sales Fare Better than Expected in 2020 with Market Resistance led by China, Strong Demand likely in 2021 led by Fiscal Stimulus Measures & Global Economic Recovery - Proposed $2 Trillion U.S. Infrastructure Plan and Technological Evolution by Industry to Spearhead Demand Growth over Medium Term\nThe 2021 edition of the report analyses the overall strategy focus and provides Insights into & Comprehensive analysis of the Strategies & Plans being conceptualized & pursued by the World\'s 7 Leading Construction Equipment manufacturers for the near to medium term horizon.
  • The Global Construction Equipment market witnessed a relatively limited impact from the outbreak of COVID-19 in 2020 albeit expectations of an impending market correction with the market resistance led clearly by the Chinese Construction Equipment market which clearly defied the contractionary trend witnessed globally by registering strong, double digit year on year gain in unit sales for 2020 spurred by the roll-out of stimulus measures by the Chinese government aimed at bolstering economy after an early recovery & resurgence from the lockdown in April 2020 itself.\nThe global demand for construction equipment is projected to register a steady recovery & growth over near to medium term with most key global economies likely to witness an uptick in demand following similar fiscal interventions likely to be pursued & sustained by governments across most regions going forward coupled with strong global economic recovery projections by the IMF for 2021 & 2022, led by the U.S., which is projected to exceed its pre-COVID economic growth momentum & clock 6.4% GDP growth for 2021.\nFurther, the massive, $2 trillion infrastructure plan just outlined by the Biden administration in early April 2021 geared towards comprehensive repair & rebuilding of roads, railroads, bridges & ports in the U.S. could turn out to be the much needed shot in the arm for the construction industry going forward and could take the market towards & even beyond the peak of 2018, and seen prior to that in 2011, once again, with an outlay of $115 billion planned towards repair of highways & bridges alone, if it gets approved by the Congress.
  • However, much of that will be contingent on the pace & trajectory of global macroeconomic recovery from the COVID-19 going forward, direction of U.S. policy posture towards global trade under Biden administration, sustainment of recovery in global crude oil as well as commodity prices, all of which will have a direct & significant bearing on the shape of the growth curve for the industry going forward.\n'

A Robust U.S. Economy Through 2021 and Beyond, with Slower Recovery Abroad, is Predicted by Panel at Quinnipiac University's Virtual GAME X Forum

Retrieved on: 
Thursday, March 25, 2021
Keynesian economics, Fiscal policy, Stimulus, Financial market

"It's a very bullish environment, combining the unleashing of pent-up demand with massive stimulus amounts, plus the Fed staying accommodational.

Key Points: 
  • "It's a very bullish environment, combining the unleashing of pent-up demand with massive stimulus amounts, plus the Fed staying accommodational.
  • "That's where the growth will happen," said Eric Nierenberg, chief strategy officer at the Massachusetts-based pension fund MassPRIM.
  • But investments in those markets, and in Europe, are complicated by slower COVID recovery.
  • "Just when you think there's an established trend, the next day we are seeing a complete mirror image," she said.

Cardify.ai Launches 2021 Stimulus Spending Tracker

Retrieved on: 
Tuesday, March 23, 2021
Keynesian economics, Fiscal policy, Stimulus, Public policy, Policy, Articles

TORONTO, March 23, 2021 /PRNewswire/ -- Cardify.ai announces the launch of its 2021 Stimulus Spending Tracker to measure the real-time economic impact of US government funds to be distributed this month to more than 100 million American consumers.

Key Points: 
  • TORONTO, March 23, 2021 /PRNewswire/ -- Cardify.ai announces the launch of its 2021 Stimulus Spending Tracker to measure the real-time economic impact of US government funds to be distributed this month to more than 100 million American consumers.
  • Cardify's 2021 Stimulus Spending Tracker monitors the effects of the stimulus checks, the individual companies benefiting from the 2021 stimulus, and how spending behavior for recipients is impacted in real-time.
  • The 2021 Stimulus Spending Tracker covers consumer transaction data across discretionary spending, retail investing, cryptocurrency investing, and buy-now pay-later, increasingly used by consumers to finance purchases.
  • "Through Cardify's 2021 Stimulus Spending Tracker, we gain a better understanding of how stimulus check recipients put recovery funds to work, and whether the payments are truly driving economic growth," said Derrick Fung, CEO of Cardify.ai.