How to Get the Balance Right: Fiscal Policy at a Time of Crisis

Last autumn was a turbulent time for Europe. The debt crisis deepened and financial markets became embroiled in turmoil, driven by fears of widespread restructuring of public debt. The crisis has harmed growth, increased unemployment, and left a large number of people less protected. We are now seeing some signs of stabilization. Most countries are reducing […]

Resolve and Determination—How We Get Out of This Together

This past weekend, 187 countries came together in Washington D.C. to focus on the economic crisis facing the world. They were here for the 2011 Annual Meeting of the IMF and World Bank, at which finance ministers and central bank governors mix with businesspeople, civil society, labor leaders, and parliamentarians to discuss the critical issues […]