The Federal Reserve Board's move on Wednesday, Sept. 17, to lower the federal funds interest rate by one-quarter of a point signals that it is a good time to discuss a major misconception that most ...

The U.S. Economy is in transition after 8 years of Fed monetary policy used to boost asset prices and liquefy the system. The new policy set to be implemented is fiscal, as opposed to monetary or ...

It is widely believed that a recession can be avoided when inflation expectations remain anchored to the inflation target under a rule-based monetary policy ...

Emerging market economies have held up remarkably well in recent years, even after periods of global financial turbulence. While favorable external conditions (in other words, good luck) often helped, ...

The conference, part of the Fiscal Affairs Department’s Sovereign Debt Network Project, brings together leading scholars and senior policymakers to explore a range of fiscal issues of import to the ...