…that the Greek policy prescription is not working (bold by yours truly): The growth and fiscal policy adjustments assumed under the program individually have precedent in other countries’ experience, but…

…has managed so well, in fact, that the nonpartisan Legislative Fiscal Bureau recently released a memo detailing how the state will end the 2009-2011 budget biennium with a budget surplus….

…to rise 5.3 percent in fiscal 2011 as 35 states enacted a fiscal 2011 budget with general fund spending levels above those of fiscal 2010. However, declines of 7.3 percent…

…The only fiscal effect is to convert an active deficit into a passive one — with disastrous economic and social effects. 4. Having Cured the Deficits with an Unrealistic Forecast,…

rdan Politico reports the schedule for the fiscal summit. Does anyone know what it is supposed to do? FORMAT: Approximately 100 guests will gather at the White House to participate…

…most of us know that the Federal Reserve sets monetary policy and not fiscal policy? Question 2: if keeping tax rates low is giving people their money back so they…

…have a fiscal crisis. OK, fiscal policy does not suck to the point that markets are spooked that the Federal government is about to default on its obligations. And I…

…recession was the widespread fiscal contraction. “The idea that a large fiscal contraction shortly after a huge financial crisis would lead to a second recession is not the wild imagining…

…on points which were not clear to me from the summary) Martin Sandbu likes the proposal. Second, replacing the current system of fiscal rules focused on the ‘structural deficit’ by…

…and Jobs Act. A team of IMF economists report, in the EconoFact memo The United States’ Fiscal Policy in a Global Context, that fiscal deficits in the United States began to…