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Economy Featured Finance News

Fiscal stagnation

Public debt-to-GDP ratios have climbed to historic highs in most advanced economies. This column studies the connection between productivity growth, fiscal policy, and public debt. Using a theoretical model, it argues that a feedback loop is possible between fiscal policy and growth. Large primary surpluses are associated with fiscal distortions which depress investment and productivity […]

Education Featured Lifestyle News World

Edutainment for financial inclusion: Empowering women and youth in Central Asia

Central Asia is home to some of the lowest savings rates in the world, and this is particularly true in the Kyrgyz Republic and the Republic of Tajikistan. According to 2021 Global Findex data, gross domestic savings rates in these two countries stood at just 6.9% and 12.6%, respectively, well below regional averages in Sub-Saharan […]