WITH the country’s economic growth slowing sharply in the third quarter, economists said fiscal policy execution—especially how the government spends—will be crucial in determining the economy’s ...

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

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 ...

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 ...

In recent years, as the US economy has slowly recovered from the Great Recession, a puzzle has emerged: Where is the inflation? Despite a historically low unemployment rate, and interest rates that ...

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 ...

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 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.

NOWADAYS THE Bank of England, like most rich-country central banks, has two main functions: maintaining monetary stability and ensuring the soundness of the financial system. For most of its life, ...