The global economic crisis has given back to fiscal policy its high profile as an instrument of macroeconomic stabilization. A revived interest in the potential of fiscal policy to boost shared prosperity has followed. Instead of denying it, we should work on those conditions necessary for it to succeed.

Jobs are much more than a scorecard of an economy's macroeconomic heart beat. They are a vehicle for poverty reduction.

If it weren't for the economic performance of China, Brazil and other emerging markets, the global economic slump following the 2008 financial crisis would have been much worse.

The global financial crisis has reversed an expansionary trend of international activities by banks from advanced countries that had been at play for decades.

Whether it is in the U.S. presidential election campaign or as a result of the debt crisis in Europe, people on both sides of the Atlantic are debating the role of the state. Do we need more government or less of it?