Australia’s Charter of Budget Honesty could be easily adopted by Canada. Such a charter can include suggestions for constraints and rules that encourage fiscal discipline.
Because the budget is a very difficult means of carrying out targeted fiscal policy, it’s become more important as a centrepiece for the government’s economic strategy.
Trump’s trickle-down economic ideas to cut taxes and invest in infrastructure may not go to plan. So it’s not the type of fiscal policy leadership the world needs.
While Australia faces its greatest economic challenges in a generation, we are still waiting for the greatest economic reformers in a generation to arrive.
Although the Fed delayed raising rates this month, it has signaled it intends to wean the U.S. economy off its unprecedented monetary stimulus. Now the question is whether Congress will take the handoff.
Eunice Goes, Richmond American International University
The upcoming emergency budget will offer the chancellor of exchequer, George Osborne, an opportunity to set up his stall as an unofficial candidate to the leadership of the Conservative Party. No other…
Comments by RBA Governor Glenn Stevens that monetary policy in the form of lower interest rates may have reached its limits, needs to prompt debate on fiscal policy taking over.