Capital Market Journal

Capital Markets are the cornerstone foundation of economies

Government Wage Shocks: A Fiscal Trap with Long-Term Consequences

The question of how governments should deploy fiscal tools to stimulate economic growth or address crises has long been debated. Among the arsenal of fiscal policies, government wage shocks—significant increases in public sector wages—stand out as one of the least…

Italian Government -8.8% Q1 fiscal deficit seems way out of order

The quarterly non-financial sector account summary of Italy’s General Government account gives a brief concise framework of Italy’s public finances and the main economic factors. What caught the eye of keen observers has been the out-of-the-ordinary Q1 fiscal deficit balance…