The Energy Shock Is Testing Government Budgets
As governments move quickly to shield people and businesses from the energy shock caused by the war in the Middle...
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Responding To The Energy And Food Price Shock: Getting The Policy Details Right
Governments can protect vulnerable households, keep businesses open, and preserve price signals without straining public finances, write PIERRE-OLIVIER GOURINCHAS, BORJA...
Responding To The Energy And Food Price Shock: Getting The Policy Details Right
When global energy prices spike, governments face an unenviable dilemma: shield people and businesses while straining already reduced room in...
War Shock Requires Disciplined Fiscal Reaction
The war in the Middle East is putting pressure on people, firms, and countries at a moment when public finances...
Debt Confronts Policymakers With Difficult Trade-offs
For years, policymakers have treated government debt like an elastic band that could be stretched without ever snapping. They stretched...
Trade Balances In China And The US Are Largely Driven By Domestic Macro Forces
China’s widening trade surplus and the growing US trade deficit since the pandemic have renewed concerns about global imbalances and...
