News & Events

Copyright 2003 The Financial Times Limited (London, England) Thursday, September 11, 2003; Financial Times; USA Edition; Letters to the Editor Sir, Jagadeesh Gokhale and Kent Smetters (“Americar’s budget bookkeeping scandal,“ September 9) present a highly misleading analogy to highlight US budget accounting. In their analogy, they present US with an 18-year old who earns $2,000 a month, […]

Copyright 2003 The Financial Times Limited (London, England) Monday, September 8, 2003; Financial Times; USA Edition; Letters to the Editor Sir, Ed Crooks and Tony Major (Comment & Analysis, September 1) are right to question the ability of the eurozone economy to catch up with the US economy. Indeed, they are right to argue that the eurozone […]

Copyright 2003 The Financial Times Limited (London, England) Friday, August 29, 2003; Financial Times; USA Edition; Letters to the Editor Sir, Martin Feldstein (“Fiscal activism would speed a recovery,” August 26) is clearly correct to argue that fiscal activism should be used under current economic circumstances. He is, though, incorrect to suggest that monetary policy […]

The slowdown in economic growth and rising unemployment in the euro area, with major economies slipping into recession, have revealed serious faultlines in the stability and growth pact governing the euro area’s macroeconomic policies. The pact dictates that budget deficits must not exceed 3% of GDP, with a requirement budgets are in balance or surplus […]