The fiscal policy cycle is turning to a new phase, away from the tremendous stimulus and spending of the past five years to austerity and cuts. The decision on the fiscal cliff will set in motion the ...

The answer is ‘yes’. That sounds simple enough, but in the case of the UK it is more complicated. The fact is, the UK government is implementing an unprecedented amount of fiscal austerity. Reversing ...

Still, the battle lines in the stimulus-versus-austerity debate were clearly drawn among the 24 heads of state gathered in a heavily guarded convention hall lined by a moat. The conservative leaders ...

Wonkblog has taken to using “austerity crisis” in place of “fiscal cliff.” They’re right: “fiscal” is not very specific, while “cliff” suggests a problem that happens all at once. The reality is a ...

It's not just the eurozone storm and lacklustre growth. Société Générale reckons further easing from the Fed will kick in thanks to the prospect of fiscal austerity, a potential game-changer for ...

Japan’s economy contracted for the first time in six quarters, supporting Prime Minister Sanae Takaichi’s case to compile an ambitious economic stimulus package. Japan’s real gross domestic product ...

Several factors are going to make it easier for Europe’s policymakers to backtrack on obsessive austerity. For example, the link between austerity and poor economic performance is very clear. Also, ...

Japanese Prime Minister Sanae Takaichi insisted that a US$135 billion stimulus package approved on Friday was fiscally ...