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In Europe, New Geopolitical Ambitions and Fiscal Reform Go Hand in Hand


On 23 December 2021, Emmanuel Macron and Mario Draghi published an open letter calling for a reform of European fiscal rules. This was welcome political weight on a sensitive issue, which was to be discussed by member states at the technical level this year. However, Russia’s invasion of Ukraine on 24 February has transfixed the […]

International Relations and Security

Make Deficits Great Again? Why Trump’s Fiscal Policy Would Hurt America


BY ANDREAS WESTGAARD For years, the Republican Party’s foundation has solidly rested on a three-legged stool of social conservatism, interventionist foreign policy, and fiscal moderation. Remarkably, the current Republican nominee for president, Donald J. Trump, does not espouse any of these values, deviating from what the Reagan Revolution set in stone more than three decades […]

Public Finance

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