Fiscal Policysee more…

01 September 2022

A Jackson Hole Lot of Trouble…

Dominique Dwor-Frecaut

The message from 2022’s Jackson Hole Symposium was clear: taming inflation will be harder than markets expect.

30 August 2022
Forgiving Student Loans Will Only Make Things Worse
Dominique Dwor-Frecaut
The Biden administration has unveiled debt forgiveness plans representing about 2.5% of GDP over 10 years. The forgiveness could raise consumption by 0.5-0.75pp of GDP in 2023 and worsen already exceptional resource pressures.
30 March 2022
Stimulus Checks Fuelled Speculation During the Pandemic
Sam van de Schootbrugge
Researchers from Harvard Business School and NYU Stern examine how US stimulus checks impacted stock prices during the pandemic.
10 November 2021
A Golden Era for Fiscal Policy
Sam van de Schootbrugge
UK Chancellor Rishi Sunak surprised many with a larger-than-anticipated government spending stimulus in the Autumn Budget. This could...

11 August 2021

Secular Stagnation Theory Is Now Mainstream

Julius Probst, PhD

Japan has been stuck in a zero-interest rate environment since the 1990s. While most consider the country an anomaly, economists like Paul Krugman and Ben Bernanke warned...

04 August 2021

Has Government Support Eroded Productivity Growth?

Sam van de Schootbrugge

During recessions, labour turnover increases as struggling firms attempt to reduce costs. In theory, these workers get reallocated to more productive firms that survive because they have more adaptable business models...