Recent research by economists with the International Monetary Fund highlights the increasingly complex web of connections among advanced and emerging economies – connections that hold both hazards and benefits.Diane Lim Rogers, chief economist for The Concord Coalition, notes that cross-border…
The Congressional Budget Office (CBO) has released an excellent analysis on the "Economic Effects of Reducing the Fiscal Restraint That Is Scheduled to Occur in 2013." The CBO term “fiscal restraint” has been more popularly referred to as “the fiscal…
The current debate over extending the payroll tax cut well demonstrates that policymakers often mean different things when referring to policies that “help” or “expand” the economy. I often hear the words “stimulus” and “growth” used interchangeably, but when economists…
The Department of the Treasury has released final budget numbers for Fiscal Year 2011, which show that it ended with a deficit of $1.3 trillion -- about the same as the previous year.This marked the third fiscal year in a…
