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Unformatted text preview: Cinderella – an economics pantomime for the modern era Cast list: Cinderella The UK economy Cinder’s father UK businesses Wicked Stepmother UK banks and The Finance Sector Ugly sisters Eurozone crisis and Expensive imports Philip Scurve, the sisters’ boyfriend Rising unemployment Fairy Godmother Supply side fiscal policy Buttons Demand side fiscal policy Prince Charming Quantitative Easing Mice in the cellar Consumer spending Flowers in the garden Base rate The story so far…… Once upon a time there was an economy called Cinderella. Cinderella, a beautiful, healthy and growing economy had been very happy until her mother died at the end of the NICE decade. Her father, called Baron Hardup, had been a successful merchant and made a lot of money from building and selling houses, but he had borrowed so much that, after his wife died and he became depressed he couldn’t afford to repay his bank loans. He was much that, after his wife died and he became depressed he couldn’t afford to repay his bank loans....
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This note was uploaded on 02/08/2012 for the course STA 2021 taught by Professor Xu during the Spring '11 term at FIU.
- Spring '11