Learn how fiscal policies like government spending and tax changes impact budget deficits. Understand their influence on economic stability and growth.

Discover how contractionary fiscal policies encourage private investments by freeing credit markets and reducing borrowing ...

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 ...

Abdul Awal Mintoo, business leader and vice-chairman of the opposition BNP, has criticised the government for applying austerity measures selectively in the proposed 2025-26 national budget. Speaking ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The idea behind “fiscally-driven external rebalancing” is straightforward. If ...

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Federal fiscal policy during the recession was abnormally expansionary by historical standards. However, over the past 2½ years it has become unusually contractionary as a result of several deficit ...

Across a sample of thirty four emerging countries, the evidence shows the frequent existence of a pro-cyclical fiscal impulse. However, the scope for countercyclical policy increases with the ...

This paper studies the negative loop caused by the interaction between pessimistic estimates of potential output and the effects of fiscal policy in Europe during 2008–2014. We argue that policymakers ...

Eurozone countries may have to cut net government spending by more than previously anticipated next year to comply with new EU fiscal rules, finance ministers from the 20-member states group said on ...