Recession, Taxes and Moral Hazard

Malpass, David
April 2007
Forbes Asia;4/16/2007, Vol. 3 Issue 6, p16
The article talks about recessions, taxes and moral hazards. Recessions are a cyclical response to private-sector excesses, causing an overdue, sharp downturn. According to the author, they are primarily caused when governments depart from the growth recipe of stable money and a preference for low tax rates. In the financial realm, moral hazard occurs when central banks provide extra liquidity during and after financial crises.


Related Articles

  • Weighing Systemic Risk, Moral Hazard. Mendelowitz, Allan I. // American Banker;7/11/2008, Vol. 173 Issue 133, p11 

    The author presents his opinions on whether the moral hazard presented by Bear Stearns in 2008 outweighed the systemic risk of its potential failure. He defines moral hazard as the potential for recklessness when consequences for poor decisions are removed, and says that although Bear Stearns...

  • Moral hazard.  // Essential Economics;2004, p177 

    A definition of the term "moral hazard" which means that people with insurance may take greater risks than they would do without it because they know they are protected is presented.

  • Beyond low prices. Wheeler, Richard // Supply Management;5/28/2009, Vol. 14 Issue 11, p30 

    The article discusses the strategies and tactics to get lower prices from suppliers during recessionary times while maintaining reliable and sound relationships. The approaches include keeping an updated risk management plan, having a full and detailed knowledge about the main suppliers in the...

  • How much slack? Brooks, Mike // Accountancy;Feb2006, Vol. 137 Issue 1350, p28 

    This article discusses the contradiction of the pairing of risk management and downsizing. Downsizing, the process of slimming down companies to their minimum size, has been standard practice since the recession of the late 1970s. Many companies fail to take into account the risks presented by...

  • WHAT'S THE BIG IDEA? MORAL HAZARD. Nicholson, Nigel // Management Today;May2013, Issue 5, p16 

    The author offers opinions on finance and economics, stating that the concept of moral hazard ignores the important role trust plays in business as a means of allowing risk and innovation.

  • Coursing through the gray areas. Alepin, Brigitte; Laroocque, Julie // CA Magazine;Jan/Feb2008, Vol. 141 Issue 1, p44 

    The article provides information on how to manage the taxation risks for small-medium sized businesses (SME) effectively. The author suggests that the accountants must consider the recognition of the organizations' tax-related risks including the risk of reputations. Moreover, the risk tolerance...

  • Tax Governance: The New Priority in Risk Management. Wood, Bill // Chain Store Age;Sep2004, Vol. 80 Issue 9, p6 

    Focuses on the importance of good governance in tax risk management functions in organizations. Definition of task risk; Key objectives of organizations.

  • YOU CALL THIS AUSTERITY?  // New Republic;12/7/87, Vol. 197 Issue 23, p4 

    Presents information on the latest round of budget negotiations between the White House and Congress. Comments on the economic condition of the U.S.; Proposal for higher taxes or lowering of government benefits; Measures to be adopted for reducing the foreign trade deficits; Information on the...

  • Confronting The Barriers To Chronic Care Management In Medicare. Berenson, Robert A.; Horvath, Jane // Health Affairs;2003 Supplement, Vol. 22 Issue 1, p37 

    This paper examines the ability of the current Medicare program--both traditional fee-for-service and risk-based contracting--to address the needs of beneficiaries with chronic conditions, who represent almost 80 percent of program enrollment. Grounded in indemnity insurance principles,...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics