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Americans Robert Hall and Michael Woodford won the Nobel economics prize Monday for their work on how monetary and fiscal policy can better stabilise disruptive economic fluctuations.
Bank of England Governor Andrew Bailey warned that governments may be left helpless in the event of another downturn as their firepower is sapped by weak growth and a series of severe shocks. "Fiscal policy can operate as a countercyclical tool of policy," Bailey said at an event in Turkey. "But if the negative shocks come at higher frequency, and underlying growth in the economy is lower, countercyclical policy becomes very difficult to follow successfully." (Source: TCMB Istanbul Economic Forum)
More yield-insensitive issuance.
Tokyo, Oct. 5 (Jiji Press)--Concerns about Japan's fiscal deterioration remain after Prime Minister Sanae Takaichi vowed in a parliamentary policy address Monday to win market trust. Amid rising bond yields, investors are closely watching whether Takaichi's administration will take concrete action to realize her signature "responsible and proactive" fiscal policy of balancing economic growt...
This article was translated from Chinese into English using Alibaba’s Qwen3.7-Plus, then checked and tweaked for accuracy by a South China Morning Post journalist. It is for reference only, and is not the official English version of the original Chinese document. Alibaba owns the SCMP.
The State’s core challenge is not that it borrows too much, but that it collects and spends less efficiently than comparable large States, the study says