So, we were hanging around the water cooler the other day reflecting on this "free stuff" meme. That conversation led to this guest post written by Be...
Mexico's 2016 budget is currently under negotiation, with a deadline of November 15 for its approval. This is the first budget that is fully adapted to the collapse in oil prices that began in the summer of 2014.
At some point, the economy will fall into another recession or even experience another financial crisis. When either or both occur, policymakers must be ready to use the resources of government to restore a weak economy to health, not stand aside.
Federal Medicaid funding -- which makes up close to half of federal aid to states -- will rise in coming years, partly due to health reform's coverage expansions. But federal support for most other state and local activities will likely continue shrinking.
In stunning testimony before the Senate Armed Services Committee, a Pentagon general informed shocked senators that the $500 million investment from the coffers of American taxpayers has led, thus far, to "4 or 5" Syrian fighters being trained and actually deployed in the fight against ISIS.
Will those edgy portfolio investors stampede indiscriminately out of--and wreak havoc among--middle- and low-income countries if the Fed lifts interest rates this September, for the first time in almost a decade?
As traders and investors around the world try to decipher the Federal Reserve's use of such terms as "not impatient" in lieu of "patient" in its guidance on interest rates, it is fast becoming clear that the Fed realizes that it has been painted into a corner.
The Illinois economy has not looked incredibly bright this past year-- and that's an understatement. According to a statistical analysis about fiscal ...
While pro-cyclical fiscal policies -- ie. expansionary fiscal policies in booms and contractionary fiscal stances in downturns -- remain a common feature among developing countries, some countries have recently moved toward a less pro-cyclical fiscal stance, as a result of stronger institutions.
The topics of strengthening the transatlantic partnership and advancing economic freedom were brought to the forefront, when we gathered in Brussels at a dinner event of the Konrad Adenauer Foundation in December 2014.
By lifting the "small boats" of the poor and middle class, we can build both a fairer society and a stronger economy, IMF Managing Director Christine ...
The position of the majority Republicans is that you should always balance the budget for... I just sat with these folks for two long hours and I can't really finish that sentence.
Merely 30 years ago, Prime Minister Yasuhiro Nakasone announced his desire to transform Japan into an "unsinkable aircraft carrier." Three decades later, Japan cannot plug the holes of that carrier fast enough to keep it from sinking. Is there a lesson the US can take from Japan?
Does fiscal policy respond systematically to economic activity? Can fiscal policy promote macroeconomic stability? Does greater stability support stronger growth? The answer is yes on all counts.
In order to increase economic freedom for its citizens and enable them to achieve higher standards of living, Romania needs to continue its efforts to eradicate corruption and establish an independent and efficient judicial system.
I am among those economists who have argued that expansive fiscal policy has been missing as a lever to support recovery in advanced economies, especially in the Eurozone. At the same time, I have cast doubts on recent attempts of using it to prop up growth in some emerging markets.