Discover how tax cuts and government spending drive economic growth through expansionary fiscal policy, a tool to boost demand and curb recession effects.
The recent passage of a tax cut package in the U.S. raises an interesting and important question for monetary policy: Will the tax cuts create inflation that the Fed cannot contain? According to ...
Uncertainty around the real-time output gap has important implications for fiscal policy. This study uses successive vintages of the World Economic Outlook for emerging markets (EMs) during 1998-2022 ...
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