Based on these estimates, we show how major shifts in fiscal policy over the last two decades have shaped the health of the public sector prior to the Covid-19 pandemic. We find that, at US$12.5 ...

This paper explores the impact of fiscal decentralization on fiscal policy performance in a large sample of advanced and developing economies. The findings suggest that a larger share of decentralized ...

Supply-side theory has been applied as a fiscal policy by several U.S. presidents to stimulate the economy by targeting factors that increase output and supply more goods and services. Supply-side ...

Countries like Germany have gotten away with lecturing others about their fiscal prudence. But maybe the Germans should take a look around them, argues economist Larry Kotlikoff, to see which ...

Budget 2025 addresses continued fiscal repairs and policy reforms to build a stronger foundation for growth, business and investment opportunities; cost of living pressures; enhancing the ...

Defense and immigration spending and continued strain on Social Security and Medicare have added $196 billion to the deficit in the fiscal year so far.

"American spending moderated in April as US businesses pulled back significantly on imports after months of pulling forward economic activity to avoid tariff policy," Joseph Brusuelas, chief ...

Two-thirds of Mexicans now say they approve of the policy, including 31% who strongly approve. Most U.S. adults said Social Security benefits shouldn’t be reduced in any way – a view broadly shared ...