How Can Fiscal Policy Tackle Stagflation?

Economic policy generally has many objectives. To increase income and employment, to keep prices stable, to ensure the sustainability of public finances, to provide adequate liquidity conditions and so on. Usually these goals relate to reactions to economic disturbances, such as an economic crisis, a pandemic, a war, or anything that threatens the financial well-being …

Stagnant Inflation Management

In recent times, the global economy has entered a strong inflation component based on ever-increasing energy and food prices. If the causes of price increases are limited to the region of Europe, and given that the EU is purely an importer of energy, one could argue that this is an “imported inflation” over which monetary …

The Difficult Course of Western Economies

The succession of the two crises, first the pandemic and then the energy crisis in Ukraine, overturned the expected and largely discounted consequences of the initial fiscal easing on both the EU and US economies. The second round of fiscal “relaxation” made the first round unexpectedly toxic. He dismissed the expectation that after the end …

Τhe Audit & Τax Τreatment of Cryptocurrencies

The basic and initial stage of the life of the cryptocurrency is its creation, through the mining process (blockchain mining). In the process, cryptocurrency transactions are collected, verified and recorded in international, public records for the purpose of execution and liquidation. From an accounting and tax point of view, various issues have arisen, which must …

Emerging Stagnant-inflation in the Eurozone/EU & USA

Inflation begins to make a threatening appearance in the EU and US since last summer due to a combination of dynamic economic recovery in COVID-19 conditions, serious problems in international trade and supply chains and upward trend in international oil and mainly gas prices. Inflation had reached high levels before the Russian invasion of Ukraine. …

High probability the Price of Brent to Remain over $115 by the End of 2022

The recent EU deal on a Russian oil embargo has put upward pressure and volatility again, with Brent prices hovering well above USD120 last week. Trust Economics (https://trusteconomics.eu) estimates that developments in the oil market are expected to hit growth. The geopolitical risk and the EU agreement will keep oil prices high during the summer …

Where are the Economies and Businesses going after the Pandemic and War crises?

The West is also involved in the conflict between Russia and Ukraine, imposing successive sanctions on Russia, while Russia threatens to close the energy supply tap to Western countries. Transiently continuing volatility in the stock markets is normal and expected. After all, the big fluctuations also result in the big benefits-profits, for those, of course, …

The Big Dilemma: Interest Rates Increases or Price Controls

The main driving force of inflation in Europe is not excessive demand, but mainly energy market problems and secondarily shortages and consequent price increases in raw materials or intermediate and final goods, due to the war in Ukraine and the Covid pandemic in China. If nominal interest rates rise do you think the problems will …

The Role of Consulting in Internal Audit

The majority of internal audit departments consume an overwhelming percentage of their plan by doing traditional internal audits – what are known as “safeguards operations” and are the focus of internal audit, and are also the activity where most audit committees are expected to emphasis. However, many internal audit departments, either individually or through outsourcing …

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