Understanding the role of fiscal policy in financial markets is one of the most important steps in learning how the economy really works.

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 ...

Cash transfers are important fiscal policy tools for both advanced and developing countries. A study of one of the world’s largest cash transfer programs—Brazil’s Bolsa Familia—highlights the ...

From taxes and spending to borrowing plans, fiscal policy is the framework that drives every major Budget decision and shapes ...