With the selection of Paul Ryan as the Republican vice presidential candidate, it is clear that the central issue in the presidential…
Twenty-five years ago, President Ronald Reagan angered many Democrats with a broad effort to eliminate red tape and allow states discretion…
As the G20 leaders prepare to conclude their meeting today, once again good news has had a half-life in the markets of less than 24 hours.…
With the past week’s dismal US jobs data, signs of increasing financial strain in Europe and discouraging news from China, the proposition…
Please see the updated version of this paper, RWP13-019.
Once again European efforts to contain crisis have fallen short. It was perhaps reasonable to hope that the European Central Bank’s…
In the past, industrial countries have tended to pursue countercyclical or, at worst, acyclical fiscal policy. In sharp contrast, emerging…
Major shifts in the economy are rarely forecast and often not fully recognised until they have been under way for some time. So judgments…
So far in the current US presidential campaign, there has been virtually no attention paid to doing something about the US public debt…
As they have before in the aftermath of financial crises or wars, governments and central banks are increasingly resorting to a form of “…