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

Finance ministries must think about digital public infrastructure as they do roads and power grids A government wouldn’t ...

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 ...

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 ...

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

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 ...

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 ...

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 ...

The chronic clash between sound economics and good politics frustrates economists who venture near the political world. Much more important, it often blocks the road to better policy. The chasm is ...