Your English writing platform
Discover LudwigExact(22)
Both tax and spending are subject to cyclical effects.
That is, some cyclical effects, some random noise and a secular steadily rising trend from human activity?
"In recent years I think we are mostly seeing cyclical effects rather than anything that can be tied to a state policy".
One problem that economists always have in analyzing the economy is separating cyclical effects, which are temporary, from structural effects, which have long-term implications.
Economists agree this reflects a combination of both cyclical effects (people quit looking for jobs when they conclude they are scarce) and structural effects (aging baby boomers are retiring, and women's participation has levelled off).
Moreover, that was almost all the result of policy actions (spending cuts and tax rises) rather than cyclical effects.Germany, France, Spain and Italy all managed to reduce their structural budget deficits, the latter three thanks to austerity.
Similar(38)
"There's also a short-term, cyclical effect at work," he said.
First, there is the normal cyclical effect of a recession in raising unemployment-related spending and reducing tax revenues.
A more powerful cyclical effect, he said, is the tendency of markets to rise in the third year of a presidential term, particularly for first-term presidents.
But a "more positive media image" of men in independent schools (however unfair to those in the state sector) may also contribute, he suggests, together with the cyclical effect of men joining schools that already employ male teachers.
On the other hand, investment in inventories has been about as volatile and as cyclical this decade as in the past and inventories, though smaller than before, are still big enough to exert a clear cyclical effect.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com