This Selected Issues Paper revisits fiscal multipliers for Estonia with a view to highlighting policy trade-offs and providing growth-friendly options for fiscal consolidation. The pandemic triggered ...

Olli Rehn is the European Commissioner for economics. Olli has spent much of his time in recent years telling everyone that Europe’s austerity policies were working and the Eurozone economy was just ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The IMF’s forecasters are terribly worried about global growth – its new report not only contains further ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Forecasts for the European Union covering 2012-2014 were out on Wednesday. FT Alphaville thinks the EC may be ...

Pakistan’s economy has been in downturn for a number of years now. This has negatively impacted employment and poverty situation, where based on poverty line determined at USD 4.20, World Bank ...

Prime Minister Narendra Modi has announced a ₹20 trillion stimulus package, which amounts to around 10% of India’s GDP. Prime Minister Narendra Modi at 8 pm on Tuesday announced a ₹20 trillion ...

Amid renewed crisis, falling tax revenues, and rising debt, Ukraine faces serious fiscal consolidation needs. Durable fiscal adjustment can support economic confidence and rebuild buffers but what is ...

With a large economic downturn underway, the Administrations of George W. Bush and Barack Obama pushed for “stimulative” deficit spending in 2008 and 2009. According to Keynesian theories of economics ...

The United States has implemented large-scale fiscal policy measures to help households and businesses cushion the economic fallout from the COVID-19 pandemic and to strengthen the recovery. The ...

Shawkat Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu. There is currently a debate raging among first-rate economists ...