…lessons of history as modern fiscal policy is cutting taxes as transfer payments and defense spending have risen. And the Greenspan FED is showing signs that it will raise interest…

The IMF Criticizes Bush’s Economic Policy Yesterday the IMF released a paper called “U.S. Fiscal Policies and Priorities for Long-Run Sustainability.” In it, the IMF delivers a surprisingly sharp criticism…

…what about some permanent fiscal stimulus to deal with secular stagnation. Now this question is an offence against Keynes and, much more, against new Keynesian economics. Keynesians have spent decades…

…government’s fiscal deficit, which arose as expenditures on unemployment benefits and other programs grew and revenues fell. The rise in the fiscal deficit was particularly appropriate as the “liquidity trap”…

…demand since many other countries are limiting their fiscal spending. China has a strong fiscal stimulus policy but their strong financial repression measures keep inflation low. So when supply is…

…and this is pushing interests rates down. No matter what stimulus you throw into the economy, monetary or fiscal, the money still circulates with the same labor share ratio. Money…

European Commission fiscal dictates are based on outdated economic theory, strange econometrics and arbitrary ad hoc restrictions on parameter estimates. It is not easy to discuss the technique behind that…

This post is related to the debate about fiscal policy and medium run growth which has become entangled with the Sanders or Clinton debate (which I will attempt to avoid)….

…happen & say therefore fiscal stimulus should be used). There is also an equivocation in “regime shift” which is used to refer to a major permanent change in policy and…

…, whose main priority was the reunion of both halves of Germany, gave a tentative endorsement, based on an understanding that there would be “harmonization” of fiscal policies. But this…