News
Market Watch | Cyprus could be fifth EU nation to get bailout
The island-nation of Cyprus could be the fifth euro-zone economy to seek a bailout, according to a report published in The Wall Street Journal on Tuesday.
Fortune | The fiscal cliff may look more like a fiscal slope
Economists and investors have warned of an impending U.S. financial crisis at the end of this year, but others think the fears are dangerously misguided.
Econ Comments & Analysis
WSJ | Obama's Real Spending Record
President Obama shocked us the other day when he said, "Since I've been president, federal spending has risen at the lowest pace in nearly 60 years." Having heard him champion the "multiplier effects" of deficit-financed stimulus spending, we saw him as an enthusiastic supporter of throwing other people's money at just about any problem.
Blogs
Economist | Plugging leaks
As reported last Friday, euro-area finance ministers negotiated a Spanish bank bail-out over the weekend, in the form of up to €100 billion in lending from emergency funds to the Spanish government.
Political Calculations | Austerity, Done Right, Part 2
How has the small nation of Estonia been able to turn its fiscal and economic situation around so effectively?
Neighborhood Effects | Is Government the Solution?
The degree of disagreement over stimulus is evident when you look at the literature on the “government purchases multiplier.” The multiplier measures the amount by which an economy expands when the government increases its purchases of goods and services by $1.00.
WSJ | States Trim Rate of Spending Growth
State general-fund spending is projected to grow 2.2% in nominal terms in the next fiscal year, much slower than in the past two years and less than half of its long-run average, according to a report released Tuesday by the National Governors Association and the National Association of State Budget Officers.
