This Economic Letter summarizes the papers presented at a conference on "Fiscal and Monetary Policy" held at the Federal Reserve Bank of San Francisco on March 4 and 5, 2005.

On May 9, 2008, just as the first rebate payments were starting to land in taxpayers' checking accounts, the Center for the Study of Innovation and Productivity (CSIP) hosted a symposium on "Research on the Effects of Fiscal Stimulus." The symposium featured four of the foremost economic experts...

Should fiscal policy be used to fight recessions? This Economic Letter examines some recent empirical studies analyzing data on the relative effects of higher spending and lower taxes on output.

Egypt has presented important budget imbalances. This paper tries to evaluate whether Egypt’s public deficit has had any impact on current account imbalances, examining the validity of the twin deficit hypothesis for Egypt. We conclude for the presence of a (weak) long-run relationship between...