Eurozone members are supposedly constrained by the fiscal caps of the Stability and Growth Pact. Yet ever since the birth of the euro,…
At the start of 2013, the eurozone’s “fiscal compact” entered into force, owing to its ratification on December 21 by a 12th country,…
In the past, industrial countries have tended to pursue countercyclical or, at worst, acyclical fiscal policy. In sharp contrast, emerging…
For a United States citizen, the short trip to Havana requires navigating an obstacle course, owing to the trade and travel embargo that…
The United States is famous for its ability to innovate. Aspiring fiscal conservatives around the world thus might be interested in…
Book abstract: In the years following the global financial crisis, many low-income countries experienced rapid recovery and strong economic…
The possibility that the renminbi may soon join the ranks of international currencies has
generated much excitement. This paper looks to…
Why do countries find it so hard to get their budget deficits under control? Systematic patterns in the errors that official budget…
The purpose of this essay has not been to provide China with a detailed list of all of the things that the country must do to maintain a…
The world's advanced economies remain divided over whether to strengthen budget balances in the short term or to use fiscal policy to…