Fiscal policy

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Showing 193-208 of 213 results

21 October 2015

Renzi's risky budget strategy

Last week the Renzi government approved the 2016 budget law proposal. Although the detailed text is not available yet, the broad picture is clear.

17 August 2015

Greece budget update - August

The Greek finance ministry published last week the latest budget execution bulletin. The state budget primary balance increased significantly during J

13 August 2015

Greece: Lessons for Europe

It was inevitable that Greece would have to make cuts. Yet, if it is ever to pay back its debts, what the country needs most of all is a growth strate

22 May 2015

“Dura Lex, sed Lex”(?)

On the 30th of April, the Italian Constitutional Court issued a decision on the pension reform introduced by the Monti government in 2011. The decisio

18 May 2015

Is the economy stationary?

What’s at stake: The question of whether capitalist economies are self-correcting and will eventually revert to mean growth has received renewed inter

07 April 2015

Secular stagnation and capital flows

What’s at stake: Former Chairman of the Federal Reserve and new blogger Ben Bernanke has generated many discussions this week by challenging the secul

03 December 2014

The ECB’s balance sheet, if needed

In his press conference on November 6th, ECB President Mario Draghi pledged monetary stimulus, although only “if needed.” These words have won Mr

25 November 2014

How can Europe avoid secular stagnation?

Larry Summers crystallized an important question in a recent speech: Has the world economy entered a period of “secular stagnation”? The slow rec