Fiscal policy lags occur due to delays in recognizing and implementing solutions to economic problems. Internal and external delays are the main categories, with recognition, decision, and implementation being subcategories of internal delay. Impact lags occur due to the time it takes for the full impact of fiscal policy to be felt. Lags in fiscal […]
The Metropolitan Transit Authority in New York has created an online system where commuters can apply for late-to-work tickets to prove they were delayed on the subway. The number of late form downloads has increased by 97% since 2012, with a record 152,316 forms downloaded in 2017. The MTA has admitted that delays on the […]
