Since the Global Financial Crisis, fiscal policy in advanced economies has become more “active” – that is, increasingly unresponsive to rising debt levels. This paper explores tensions between active ...

When the Federal Reserve raises interest rates, that's monetary policy. When Congress passes a stimulus package, that's fiscal policy. Both shape the economy you live in. Your mortgage rate, the cost ...

When you ask economists what they think about the Federal Reserve’s monetary policy, as in interest rates, a growing number of them will tell you that rates are restricting the economy too much right ...