Understanding the economic intuition behind minimum wageslaw is of great importance, given the economic fluxes spreading all over theworld, from the Arab spring in Middle East, to budget deficits in USA and the debt crises in euro zone. Regarding the debatable and controversial outcomes of minimum wages, I will try to explain why governments tend […]
Why minimum wages and why not? Read More »
There is an increasing concern among policy makers and economists about macro prudential policies that aim to stabilize the economy and alleviate financial distortions through affecting output and inflation levels . This paper by Claessens, and Valencia, (2013) at VOX tries to study the possible interactions between monetary and macro prudential policies. In addition, it
The interaction between monetary and macroprudential policies Read More »
With the expected increase in world population by one billion people in just over a decade, governments in less developed countries are faced with the challenge of having to accommodate the majority of this future population growth. This is of concern since many of these countries currently face various social, economic and infrastructural challenges that
Urban slums and their implications for national fertility rate Read More »
What is the goal of any firm, store, mall, service provider or even a rocket factory? The answer is, either earning enough money(Accounting profit) to run the business, and cover operational costs (variable costs), or filling the stakeholder pocket’s with more profits (Economic profits), which include the accounting profit in its calculation and the opportunity
What looks like a discount is not actually a discount Read More »
People in Egypt demand, they indeed demand even during inflationary periods, i.e. see Carrefour at weekends; then you will realize what I am talking about. The problem in Egyptian economy is a supply-side problem, such problem can be summarized into lack of domestic production in quantity and quality, heavy imports (along with a depreciated currency
Anti-liberalizing policies for the Egyptian economy Read More »
