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Palestinian Authority Archives greenprophet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greenprophet.com Daily Mail and Mail on Sunday newspapers.
Israeli mayor hopping mad over Arkia Israel Airlines' plans to start flying to Aqaba eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.
A few years ago May 09,2021 - Last updated at May 09,2021 A few years ago, as a civil servant, I pointed out that government spending in Jordan is pro-cyclical; that is, the government spends more when the economy is doing well, and spends less when the economy is in the trough, or downward, section of the business cycle, a policy that negates proper economic prescriptions. I asserted at the time that government spending should be countercyclical the government spends more to spur demand and, consequently, supply, when the economy is in a slump, and less when the economy is in the booming phase of the business cycle, in order to avoid creating hyperinflation or unwanted inflation. However, such is a purely Keynesian view, and it is in direct contrast to the view espoused by the IMF, to which the government of Jordan kowtows. Needless to say, my words were not heeded. So let’s try again. ....