Fiscal policy likely affects your life in more ways than you’re aware of. Almost every American pays taxes, for example, and tax policy changes frequently at both federal and state levels.

Both fiscal and monetary policy are tools used to keep the U.S. economy healthy. Both can affect your personal economy. But that's where the similarities end. There's actually a big difference ...

Fiscal policy can also be used to compensate groups adversely affected by the proposed structural reform. A typical example occurs when changes in employment protection are bundled together with ...

Many Germans, for example, think they need to run fiscal surpluses to set a good example for their neighbors. Yet the logic of using fiscal policy to drive external trade adjustment runs in the ...

Fiscal policy failed us during the Great Recession. We did get a fiscal stimulus package shortly after Obama took office, and it helped. But it wasn’t big enough and did not last long enough to ...