Central banks are also contending with the rapid expansion of non-bank financial intermediaries (NBFIs), much of whose ...

The president is pressuring the Fed to lower rates to make deficits easier to finance. This could end badly, but for now ...

The International Monetary Fund has urged Nigeria to revise its N54.99 trillion 2025 budget downward in response to weakening oil revenues. It also recommends continued tight monetary policy and high ...

The fragility of American Exceptionalism is just one lesson from financial markets in response to Trump’s Liberation Day ...

Fed Chair Jerome Powell said tariff concerns delayed interest rate cuts, stating the central bank would have likely reduced ...

The two men reignited their conflict over the Republican policy bill, which about a month ago tore up their political ...

Among the most expensive pieces of legislation in years, the Republican bill could reshape the country’s finances for a ...

In the Apr-25 RBI policy, the GDP estimates had been cut by 20 bps from 6.7% to 6.5% to reflect tariff risks. However, India is largely a domestic demand driven economy and there are expectations ...

Rebutting Tariff-Spurred Inflation This historical context in both fiscal and monetary policy reveals the flaw in Chairman Powell’s assertion.

Fahri, et. al. (2014) had shown that the economic effects of exchange rate devaluation can be perfectly replicated by combination policy of an import tariff and an export subsidy.

What’s the difference between fiscal policy and monetary policy? Fiscal policy is often discussed in contrast to monetary policy, the other set of levers the government uses to influence the ...

Fixing fiscal policy is necessary to stop it fighting the RBA’s monetary policy, to help keep a lid on incentive-blunting tax-increases, to rebuild the budget buffers and to reassure foreign ...