Practical analysis for investment professionals

fiscal policy


The Weakening US Consumer

The United States is a consumption-driven economy. But over the last half century, the US consumer has been weakening in the face of social and economic pressures.

Markets in Chaos: A Return to the Gold Standard?

The grand monetary experiment of the last decade and a half has undermined the global financial system and necessitates a radical solution.

Book Review: The Paradox of Debt

Dick Cheney said that “Reagan proved that deficits don’t matter.” Richard Vague suspects that Cheney may well have been right.

Public Debt: Four Ways to Deleverage

Should governments ever decide to start deleveraging, how could they do it?

Can Argentina Recover? Emerging Market Lessons

To be “as rich as an Argentine” was once a common aspiration. What happened?

Demand Destruction? Two Reasons to Be Skeptical

Demand destruction does not guarantee disinflation.

Cochrane and Coleman: How Do You Solve Inflation?

"The economic problem now is to control inflation and get to work on the supply side of the economy."

Cochrane and Coleman: The Fiscal Theory of the Price Level and Inflation Episodes

John H. Cochrane and Thomas S. Coleman discuss how the fiscal theory of the price level explains inflation.

Progress in Economics

How has the consensus among economists on such issues as deficit spending and population growth shifted over the decades?

Monetary and Fiscal Policy Post-COVID-19: Four Themes

Rob Arnott, Joyce Chang, and Louis-Vincent Gave offer their perspectives on the policy landscape and its implications for investment strategy.



By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close