The failure of unconventional monetary policies to lift debt-ridden economies out of their post-2008 torpor has led many to call for big increases in public spending. But fiscal expansion could turn unconventional, too: rather than "tax and spend," or even “borrow and spend, some economists favor "print and spend."
A Comeback for Keynes?
-
The New Fiscal Reality
The New Fiscal Reality
Nov 1, 2016 Jean Pisani-Ferry maps out how governments should take advantage of record-low long-term borrowing costs.
-
Out of Ammunition to Combat Recession?
Out of Ammunition to Combat Recession?
Oct 21, 2016 Michael J. Boskin warns that developed countries' public finances are putting a frail global economy at risk.
-
Escaping the New Normal of Weak Growth
Escaping the New Normal of Weak Growth
Sep 30, 2016 Michael Spence says that it's time for politicians to use fiscal policy to relieve the burden on central bankers.
-
Secular Stagnation or Self-Inflicted Malaise?
Secular Stagnation or Self-Inflicted Malaise?
Sep 27, 2016 Hans-Werner Sinn thinks the advanced economies' only hope is a healthy dose of creative destruction.
-
The Return of Fiscal Policy
The Return of Fiscal Policy
Sep 26, 2016 Nouriel Roubini welcomes advanced economies' incipient shift away from reliance on central banks to sustain growth.
-
Helicopter Money Is in the Air
Helicopter Money Is in the Air
Sep 22, 2016 Robert Skidelsky explains why unconventional fiscal policy could well be the next game in town.
Our Pick
Featured
-
The Energy Transition That Couldn’t The Energy Transition That Couldn’t
Dec 17, 2024 Richard Haass & Carolyn Kissane
-
The Bank of Korea Moves Beyond Monetary Policy The Bank of Korea Moves Beyond Monetary Policy
Dec 12, 2024 Soohyung Lee
-
Can Trump’s Tariff Threats Save Dollar Hegemony? Can Trump’s Tariff Threats Save Dollar Hegemony?
Dec 17, 2024 Jeffrey Frankel
-
Syria’s House of Cards Syria’s House of Cards
Dec 9, 2024 Barak Barfi