From budget laws to five-year development plans, the country’s policymaking system has relied on legal instruments as if the ...

It is such a pleasure to participate in the ECB Forum on Central Banking and discuss the paper by Evi Papa on Fiscal Rules and Macroeconomic Stabilization in the Euro Area. The paper reviews relevant ...

It is no secret that we have been fighting inflation that reached a 40-year high and the Federal Reserve Bank has embarked on a historic interest rate increase to combat inflation. Not only have they ...

This course provides an overview of the concepts, tools, and techniques used to analyze how fiscal policy can help ensure macroeconomic stability and sustainable long-term growth. This hands-on course ...

How can governments support relief, recovery and growth, without incurring unsustainable debt? What specific challenges do countries in East Asia and the Pacific face? Discover it in this seminar on ...

The twin deficits hypothesis has long been central to macroeconomic debates, positing that a government’s chronic fiscal deficit may generate or exacerbate a current account deficit. This ...

The BBVA Foundation recognized Olivier Blanchard, Jordi Galí, and Michael Woodford for “profoundly influencing modern macroeconomic analysis by establishing rigorous foundations for the study of ...

The recent threat by Indiana GOP Congresswoman Victoria Spartz to resign her seat if Congress does not establish an independent “debt commission,” and what it implies, is as welcome as cool fall air.

A perceptive, progressive politician I know once described economists as “the people who tell you why you can’t do the things you want to do.” That’s not wrong, but there are substantial changes ...

A reformed fiscal policy is vital to renewing America’s productivity. Here’s a way forward. by Richard H.K. Vietor and Matthew Weinzierl The United States is on a glide path to fiscal disaster, with ...