…billion for the fiscal year ending 10/31/2004). Would it also reduce the $618 billion trade deficit by $100 billion? Not according to the simulation of the DGE model (SIGMA) from…

…coming from either side of the spectrum. But given a choice between the fiscally blind Bush administration and the fiscally one-eyed John Kerry, Kerry’s the one talking some sense. Even…

…fiscal and regulatory policies are independent of the antitrade plank. That Friedman is advocating a brazenly elitist fiscal and regulatory platform as the elixir by which the Democratic nominee could…

…during booms, but basic Keynesian logic says it is time to curb aggregate demand with fiscal austerity and/or tighter monetary policy. There is no reason to assume that fiscal and…

…— to use fiscal policy to “help the Fed.” As if a coherent fiscal policy were possible in the next two weeks. As if responsible stewardship of the economy weren’t…

You’re seeing a lot of crowing these days from the likes of Scott Sumner, David Beckworth, Lars Christensen, et al., claiming that fiscal austerity has obviously had no effect on…

…to monetary policy to stabilize output (provided interest rates are above zero). Fiscal vs monetary stabilization is an issue entirely separate from the desired national debt. The assumption that fiscal…

…coordinated fiscal expansion may be the best way of generating growth amongst them. But the record on fiscal coordination is, at best, mixed. All the members of the Group of…

by Peter Dorman The Impoverished, and Impoverishing, Debate about Fiscal Deficits originally posted at Econospeak It is like living in a dream—a very bad dream. Everything seems at once real…

by Linda Beale Is it a fiscal cliff or merely a bump in the road? Sixty percent of American voters in exit polls indicated that they supported higher taxes for…