In the past, industrial countries have tended to pursue countercyclical or, at worst, acyclical fiscal policy. In sharp contrast, emerging…
The large economies have each, in sequence, offered “models” that once seemed attractive to others but that eventually gave way to…
Why do many countries find it hard to control their budgets? Concern about budget deficits has become a burning political issue in the…
Developing countries traditionally experience pass-through of exchange rate changes that is greater and more rapid than high-income…
China watchers are waiting to see whether the country has engineered a soft landing, cooling down an overheating economy and achieving a…
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 “…
Book abstract: When countries discover that they possess large deposits of oil and natural gas, the news is usually welcome. Yet,…
The Looming Challenge to U.S. Competitiveness. Micahel Porter, Jan Rivkin, March 1, 2012, Paper. "The American economy is clearly…