Federal fiscal policy during the recession was abnormally expansionary by historical standards. However, over the past 2½ years it has become unusually contractionary as a result of several deficit ...

This paper studies the negative loop caused by the interaction between pessimistic estimates of potential output and the effects of fiscal policy in Europe during 2008–2014. We argue that policymakers ...

On October 23, the Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Mexico. The authorities have consented to the publication of the Staff Report ...

Global economic strength has withstood U.S. trade policy shocks. US recession fears have been dismissed, helped along by ...

The Eurogroup welcomes the political agreement, which was reached in February 2024 on a comprehensive reform of the EU's economic governance framework and looks forward to its timely adoption by the ...