fiscal policy
John H. Cochrane and Thomas S. Coleman discuss how the fiscal theory of the price level explains inflation.
How has the consensus among economists on such issues as deficit spending and population growth shifted over the decades?
Rob Arnott, Joyce Chang, and Louis-Vincent Gave offer their perspectives on the policy landscape and its implications for investment strategy.
Austerity, mutualization, monetization, or some combination thereof? What path will Europe take?
Powerful new instruments have to be created to revive a flagging eurozone economy.
For everyone who has not read the Republican tax legislation in full, Joachim Klement, CFA, provides a concise summary of its costs and benefits in one chart.
Last week Fed Chairman Ben Bernanke once again warned Congress about the impending fiscal cliff. To be sure, there are a lot of perspectives on this issue and many players weighing in. We've rounded up highlights from the multitude of opinions on Capital Hill and Wall Street.
Operation twist is scheduled to end, and the Fed seems intent on replacing it with a program of buying longer-term U.S. Treasuries. Now more than ever, there seems to be a dramatic divergence between the paths of monetary and fiscal policies.
In a poll conducted earlier this week in the CFA Institute Financial NewsBrief, we asked professional investors whether they expect lawmakers to act to prevent the impending “fiscal cliff” at the end of 2012, when the terms of the Budget Control Act of 2011 are scheduled to go into effect.
If Congress maintains the current tax and spending policies, we will get more of the same economy we have experienced for the past three years (all else being equal). But what if Congress lets the fiscal cliff hit? Ron Rimkus, CFA, assesses the impact.