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Policy Areas: Fiscal policy
Exchange rate policy
Labour market reform
Law and justice
Displaying: 1-20 of 20
What is Britain worth to the next generation?
Angus Hanton, World Economics, June 2015
Government economic policy implicitly aims to build up useful reserves for future generations, or at least to not burden our children and grandchildre..
The Greek Economic Crisis - is the Euro to Blame?
Andreas Hatzigeorgiou, World Economics, September 2014
The euro has been at the centre of reporting and discussion on Greece’s economic crisis. This article analyses the build-up, outbreak and development ..
Macroeconomic Policy in Open Economies
Graham Bird, World Economics, September 2014
The dilemma facing policymakers is how to combine the instruments they have available in the form of fiscal, monetary and exchange rate policy to achi..
When Money Matters
José Luis Cendejas, Félix-Fernando Muñoz and Juan E. Castañeda, World Economics, June 2014
The severe financial crisis that grips Spain has multiple causes. One has been the massive and continued expansion of the money supply since Spain’s a..
Reserve Creation and Reserve Pooling in the International Monetary System
Richhild Moessner and William A. Allen, World Economics, June 2014
The paper reviews the arrangements for meeting additional post-crisis demand for international liquidity. It distinguishes between reserve creation an..
Managing a Changing World Economy
Graham Bird, World Economics, December 2013
The world economy has been experiencing a period of great and dramatic change. In part this has been associated with the rapid emergence of China, the..
Strengthening the Early Warning Exercise
Bessma Momani, Skylar Brooks, Michael Cockburn, Warren Clarke and Dustyn Lanz, World Economics, September 2013
Following the 2007–2008 global financial crisis, the G20 leaders tasked the International Monetary Fund (IMF) and the newly created Financial Stabilit..
Julian Gough, World Economics, June 2013
This article examines the degree of convergence of the economies of the eurozone since the start of the single currency in 1999. Convergence, both in ..
The Collapse of Consensus
Graham Bird, World Economics, March 2013
Consensus in macroeconomics helps policymakers formulate a coherent and logically consistent group of policies. At different times in the post-war era..
The Unfolding Sovereign Debt Crisis
Bob McKee, World Economics, December 2010
After the excessive expansion of new forms of private sector credit over two decades of disinflation, a huge pyramid of global liquidity was accumulat..
Financial Crises and Social Spending
Maureen Lewis and Marijn Verhoeven, World Economics, December 2010
Financial crises in developing and transition countries have often proven disruptive to policies and programmes due to procyclical trends in governmen..
Why Hasn’t the US Economic Stimulus Been More Effective?
F. Gerard Adams and Byron Gangnes, World Economics, December 2010
Recently questions have been raised about the effectiveness of fiscal stimulus policies, and about whether stimulus to a recessionary economy should b..
The Euro Crisis
Clas Wihlborg, Thomas D. Willett and Nan Zhang, World Economics, December 2010
The crisis in Greece and other mainly southern Eurozone countries has been discussed primarily as a fiscal issue. Current account deficits of the same..
Faulting Internationally Coordinated Fiscal Stimulus
Anthony J. Makin, World Economics, September 2010
Fiscal policy has been actively deployed globally by G20 governments to counter the impact of the global financial crisis on the real sectors of their..
Keynes in the Long Run
Robert Skidelsky, World Economics, December 2007
In the light of recent market volatility, this essay asks: is Keynes dead or alive? The broad conclusion is that while macroeconomic models are still ..
Are Governments Overextended?
Peter S. Heller, World Economics, December 2004
Have government debt levels reached dangerous levels? Certainly, for some countries, the data would suggest so. However, this paper will argue that f..
How to Reform Europe’s Fiscal Policy Framework
Lars Calmfors & Giancarlo Corsetti, World Economics, March 2003
The current budgetary problems of some EU member states have intensified the debate on Europe’s fiscal policy framework. It is not enough to change t..
The Growing US Fiscal Gap
Daniel Shaviro, World Economics, December 2002
The United States has a huge long-term fiscal gap, perhaps with a present value as great as $74 trillion. The US may thus be unable to continue meeti..
James Tobin, 1918–2002
An interview with introduction by Brian Snowdon & Howard Vane, World Economics, September 2002
Professor James Tobin, who died on 11 March 2002, was possibly the most eminent of the world’s ‘Keynesian’ economists. Described by Nobel Laureate Pa..
Is Public Spending Good for You?
Yew-Kwang Ng, World Economics, June 2001
Studies by psychologists, sociologists and economists indicate that increases in incomes beyond about US$4,000 are not related to happiness nor signif..
Displaying: 1-20 of 20
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