This Economic Letter summarizes the papers presented at a conference on “Fiscal and Monetary Policy” held at the Federal Reserve Bank of San Francisco on March 4 and 5, 2005. The papers are listed at ...

Since the Global Financial Crisis, fiscal policy in advanced economies has become more “active” – that is, increasingly unresponsive to rising debt levels. This paper explores tensions between active ...

From 2008 through 2019, both fiscal policy and monetary policy greatly affected markets and the economy. From 2020 to the present, fiscal policy has been the more dominant side of the equation.

Budgeting – the way governments tax and spend – falls within the domain of fiscal policy. In contrast, the management of credit and interest rates falls into the domain of monetary policy.

Fiscal policy has a much more profound and immediate impact on the stock market. The fiscal fund flows and spending has been, on balance, solid since October 2022 and July 2023.

We must recognize that the road ahead may have many unforeseen turns, which calls for further strengthening financial and fiscal resilience and navigating with monetary policy clarity, credibility, ...

It’s fair to say that the ethos of sound fiscal and monetary policy started with none other than Alexander Hamilton. In his January 1790 Report on Public Credit, Hamilton advocated for fully funded ...

It’s not easy to conduct monetary policy when fiscal policy is perpetually reckless. The U.S. national debt is more than $30 trillion, which is about the value of all newly produced goods and ...

On balance, the post-surge exchange-rate rally has compressed import prices and, together with tight monetary policy, helped curb inflation. Consumer prices peaked near 25% year-on-year in late ...

JACKSON HOLE, Wyoming, Aug 24 (Reuters) - Brazil's central bank chief said on Saturday that discussing monetary policy transmission will become increasingly difficult without addressing fiscal ...

While Bangladesh recovered strongly from the COVID-19 pandemic, post-pandemic recovery was hindered by rising inflation, a persistent balance of payments deficit, financial sector vulnerabilities, and ...

The current fiscal and monetary policy stance in the Philippines remained “appropriate” and supportive of growth, ASEAN+3 Macroeconomic Research Office (AMRO) said, adding that the economy ...