... a paper by Alberto Alesina and Silvia Ardagna - Large changes in fiscal policy: taxes versus spending. The abstract makes interesting ... that of fiscal adjustments in OECD countries from 1970 to 2007. Fiscal stimuli based upon tax cuts are more likely to increase growth than those based upon spending increases. As for fiscal adjustments those based upon spending cuts and no tax increases are more ...

... limit such that spending growth could still be very high. Again, when at economy is peaking an expansionary fiscal policy just encourages increased prices, and the increase in government purchases ... ) could not be sharper. The takeaway fact with her is that she is one of the sharpest policy minds in politics, yet getting that most elementary of messages through the North American noise machine ...

... the Fed? It's carried on with its wayward monetary policy. And it's carried on with the carry trade by keeping ... low. In deciding to make hardly any changes to its interest rate policy or even the language from its last statement, the Fed is encouraging traders ... gold, has clearly communicated that it thinks U.S. monetary and fiscal policy is lousy. But rather than defend the U.S. dollar - ...

Check out below the testimony set to be delivered by James Parrott, chief economist for the Fiscal Policy Institute, at state Senate hearings into the proposed deficit reduction plan. The bottom line: The FPI feels the governor’s reduction plan will do extreme damage to state’s recovery, ...

... to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal responsibility: the $700 billion financial rescue. The administration wants to keep some of the ... has asked all cabinet agencies, except defense and veterans affairs, to prepare two budget proposals for fiscal 2011, which begins Oct 1, 2010. One would freeze spending at current levels. The ...

Axel Weber: Fiscal Policy After the Financial Crisis The global financial crisis has resulted in capitals around the world adopting sizeable fiscal stimulus packages to cushion its impact. On the European side, in December ... investment volumes, the Chinese government is also expected to implement an even bigger fiscal stimulus package amounting to roughly 7 percent of its GDP ...