P J R M I

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M O R G A N A
To: European Commission
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I T ´ S A B O U T B A L A N C E Rue de la Loi / Wetstraat 200
U 1049 Brussels
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Belgium
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To: The President of the European Commission Ursula von der Leyen.
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Regarding: Coronavirus and Economic Growth - 'Pension Fund Easing'.
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Tuesday, 28th July 2020.

I am a macroeconomist located in the United Kingdom and have my own school of economic
thought 'Morganist Economics', which the British government uses extensively and extremely
successfully. My work uses alterations to pension saving and pension regulation to control
economic growth and aggregate prices, which has proven effective in achieving the economic
targets over the last decade in the United Kingdom. Pension saving economic control can be
taken much further with the launch of a new pension control body and new pension products.

I have been developing a new macroeconomic technique that I term 'Pension Fund Easing',
which alters the composition of pension fund investments to reach the optimal level of the
velocity of transactions. The technique is similar to Qualitative Easing, which is used by
central banks to reach their economic targets. I have attached an article I have written that
explains the technique I have developed called 'Pension Fund Easing', which can be used to
generate economic growth in the aftermath of the Coronavirus lockdown economic downturn.

I have also attached a business proposal for a new pension economic control organisation and
a range of new commercial pension products that can be used to manage economic growth
and overall prices across the Eurozone. I have already sent the business proposal offering the
new pension economic control body and pension products to the countries severely impacted
by the Coronavirus in the European Union, which they can use on an individual member state
level. I would however like to offer you an entire Eurozone pension economic control model.

I have provided a book portfolio that is available to the general public to purchase at online
bookstores globally. I have also provided a website that provides articles and documentation
for educational purposes. I would like to develop a new pension economic control system in
the Eurozone with the European Commission as a joint business venture that will facilitate
effective cost efficient growth and price stability in addition to generating an income for the
governments in the European Economic Region, I eagerly await your response to my offer.

Kind Regards.

Peter James Rhys Morgan.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2020 Peter James Rhys Morgan.
Pension Fund Easing.
By Peter Morgan. 15:02 25/07/2020. Published By Morganist Economics.

Pension fund assets make up a large segment of the overall investment market. The size of
the existing pension saving investment asset market provides an opportunity for an innovative
macroeconomic control tool through altering or rearranging how the funds are utilised.

When investments are placed money is transferred to another organisation to spend on the
agreement that the funds are repaid at a later date or a percentage of ownership of the entity is
given to the investor. The use of the funds invested varies from one organisation to another.

Depending on how and when the funds invested are spent the velocity of transactions can be
increased or decreased. The greater the number of transactions in an economy during a period
of time the higher the level of demand generated, more transactions equals more demand.

By selecting organisations that offer a faster or slower investment transaction velocity it is

possible to increase or decrease overall economic demand. The mechanism could also be
used to control excessive aggregate price inflation or depressive aggregate price deflation.

This pension investment fund spending velocity mechanism can be made possible by the
introduction of a pension fund investment 'Requirement'. The use of 'Required' pension fund
investments enables economic control by rearranging pension fund investment composition.

The first option to alter the velocity of transactions through pension fund investment changes
is by managing the movement of investments into and out of an economy. Keeping money in
an economy will increase demand, taking money out of an economy will decrease demand.

The second option to alter the velocity of transactions through pension fund investment is to
invest in entities with faster or slower rates of spending. Usually debt funds such as credit or
bonds spend money faster due to the cost of interest deterring borrowing until the need arises.

The third option to alter the velocity of transactions through pension fund investment is to
invest in fixed or variable return financial assets. Fixed investment returns pay the same set
interest at regular intervals providing a preset income for investors and overall price stability.

There are three options available to control economic growth and aggregate price stability
through a 'Pension Investment Fund Requirement' that determines where or how pension fund
assets are invested. I term this 'Pension Fund Easing', as it is similar to Qualitative Easing.

Qualitative Easing is a tool used by central banks to control the level of economic growth or
overall prices for goods. The technique changes the funds held on a central bank's balance
sheet to impact the level of demand in an economy by switching to more or less risky assets.

Pension Fund Easing could be performed by setting a Requirement for the existing pension
fund assets to be transferred into the appropriate investments or by investing the funds from
new pension contributions into the appropriate investments needed to meet economic targets.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2020 Peter James Rhys Morgan.