In recent weeks, a number of signs have appeared suggesting that the recovery of the U.S. economy from the recent recession is on a bumpy path. During the second quarter of 2002, real GDP grew at an ...

Martin Feldstein, the George F. Baker Professor of Economics at Harvard University and president emeritus of the National Bureau of Economic Research, recently posed the question, “Is another ...

Regarding Jason Furman’s “The Case for a Big Coronavirus Stimulus,” op-ed, (March 6): Mr. Furman previously made the case for automatic fiscal-policy stimulants that would kick in to augment monetary ...

The world is in the grip of the COVID-19 pandemic and the ensuing Great Lockdown has pushed many countries into deep recessions—worse than during the 2008–09 global financial crisis. In response, ...

We propose a method of identifying discretionary fiscal policy reactions using real-time data. Automatic stabilizers should depend on true GDP, while discretionary fiscal policy is contingent on the ...

President-elect Donald Trump’s tax proposals stand to have a big impact on fiscal policy in 2025, potentially affecting everything from tipped income to business expensing. Trump’s first fiscal ...

Larry Summers is certainly right in asserting that the impact of Hank Paulson’s US$700 billion plan on the US fiscal position need not be very large and it will depend very much on how it is deployed ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Are fiscal spillovers today as large as they were during the global financial crisis? How do they depend on economic and ...

NEW YORK (Reuters) - New York Fed President William Dudley said on Monday there are benefits of having automatic fiscal rules for the U.S. Congress even though he has long resisted legislation that ...