The likely impact of the COVID-19 pandemic on state and local government revenues is increasingly well understood.

The authors study how the difference between federal and unitary systems of government can contribute to variations in economic volatility across democracies.

The emerging-market and developing economies face a multitude of grave challenges as they confront the COVID-19 pandemic, including a critical lack of budgetary space. Observers have highlighted the need to bolster the international financial institutions' lending capacity in the event of a...

Who are the dominant owners of US public debt? Is it widely held, or concentrated in the hands of a few? Does ownership of public debt give these bondholders power over our government? What do we make of the fact that foreign-owned debt has ballooned to nearly 50 percent today? Until now, we...