The effects of fiscal aid on health outcomes during the COVID-19 pandemic
As governments around the world combatted COVID-19, the US witnessed unprecedented levels of funding transfers from the federal government to state and local municipalities. This
The high price of the fight against inflation: The case of the euro area
The fight against inflation has largely been won in the euro area, after a sharp but short-lived inflation episode over 2021-2023. This column argues that
Tariffs cannot fund the government: Evidence from tariff Laffer curves
Until the late 19th century, states raised most of their government revenues from import tariffs. This column asks whether the practice could work today. A
