Article & News

Day: January 9, 2026

Banking
The US is in worse fiscal shape than Italy

By the standard debt-to-GDP measure, the US is in somewhat better fiscal shape than Italy: Italy’s ratio is 135%; the US ratio is 123%. But

Economy
The sentiment channel of fiscal policy

A common view is that fiscal policy operates not only through direct demand effects, but also by boosting business optimism and therefore investment. This column