You’ve probably heard mentions of fiscal policy. It’s often a hot topic in Washington, but the term is a broad one that can mean a number of different things. In general, it refers to the federal ...

Discover how fiscal neutrality affects budget, demand, and economic actions without altering government deficits or surpluses. Gain insights with real-world examples.

What is a fiscal deficit? Why do governments often discuss it? Why is it targeted at a certain percentage of the gross domestic product (GDP)? Is there a fiscal surplus too? A country is said to be in ...

This paper seeks to guide the reform of fiscal frameworks in Asia-Pacific in the context of calls for a more active fiscal policy in a shock-prone world. It highlights that the cost of fiscal support ...

Major policy shifts underway have heightened global uncertainty. The series of recent tariff announcements by the United States, and countermeasures by other countries have increased financial market ...