Paper - 2

New Financial Model for Sustainable Economic Growth

This paper proposes a New Financial Model for the economies across the globe to solve the economic problems they face. New Financial Model proposes two new things: New Financial Tool and New Pension System. New Financial Tool will help authorities (central banks, governments, corporates etc.) manage aggregate demand, come out of the low growth period and maintain economic growth/employment in the high-interest rate period as well while fighting inflation/stagflation, keeping the financial stability, Thus will ensure the sustainable economic growth. New & Universal Pension System will ensure Old age security after retirement. Download Paper from the below links

Complete Paper - 2
New Financial Model
Summary
New Financial Model

Features of New Financial Model

New Financial Model: Consumers’ focus will be more on consumption rather than saving.
New Financial Tool for Authorities (Central Banks, Governments)
New Universal Pension System.
New Income Equation replacing the present one.
Rule out direct Government spending/intervention during economic crisis. (i.e. Keynesian Economics)
Solution to come out of a low growth period (recession/economic depression/economic crisis).
Solution of maintaining growth and generating employment during high interest rate period while fighting inflation and keeping financial stability of the economic unit.
Benefits to Government: Multi-fold increase in tax collection, Less Fiscal pressure etc.
Benefits to Entrepreneurs: Infinite cycle of consumption, more consumption more profits etc.