Until recently, governments could postpone these choices by borrowing on convenient terms. But now, unprecedented debt levels ...

Many highly indebted advanced economies face a grim fiscal outlook. Under current policies, the public debt ratios of countries including Belgium, France, the United Kingdom, and the United States are ...

Jigme Singye Wangchuck introduced his philosophy of gross national happiness, a more holistic measure of well-being than ...

Breakneck China ’ s Quest to Engineer the Future Dan Wang W. W. Norton & Company New York, NY, 2025, 288 pp., $31.99 . In ...

Eichengreen argues that it is the absence of an alternative currency that has sustained dollar dominance so far ...

After the global financial crisis, the monetary-fiscal policy mix was the key to preventing a more severe and persistent downturn. Two conditions determined its success. First, both policies pushed in ...

To get the most out of harm-based health taxes, countries must work together to account for regional market dynamics. Large tax differences across borders can motivate consumers to seek out cheaper ...

A major transformation is underway in sub-Saharan Africa: Governments are increasingly shifting borrowing away from external debt and toward domestic debt. This trend brings fresh opportunities to ...

Senator Carter Glass plays a big role: His name graces a major piece of financial legislation passed after the 1929 crash. The Glass-Steagall Act brought about separation of commercial and investment ...

The International Monetary Fund today issued the following statement: We are closely monitoring developments in the Middle East. So far, we have observed disruptions to trade and economic activity, ...

For decades, the US Treasury market has been the most liquid and resilient financial market in the world. Even in times of stress, Treasury securities were assumed to be tradable ...

Jamaica is known for sun, sand, and reggae. It also deserves to be known for an exceptional record of debt reduction, after cutting its public-debt-to-GDP ratio from 140 percent in 2012 to just 62 ...