Against expectations, fund refused to openly and explicitly criticise chancellor George Osborne’s austerity drive in report on British austerity

Faced with public outrage over tax-evasion scandals at a time of austerity budgets, European leaders are trying to ensure that everybody—from high rollers to big multinationals—pays their fair share.

Faced with the fallout of austerity and embarrassing tax-evasion scandals, European Union leaders pledged Wednesday to ensure that everybody--from high-income earners to big multinationals--pay their fair share toward sustaining cash-strapped governm

After warning Great Britain of dire circumstances last year if it continued austerity, the IMF has rolled back the rhetoric this time around.

Ben Bernanke is testifying in front of Congress today about the state of the economy. His full opening statement is here. Warning: It's very dry. He recapitulates the state of the economy, and then says that fiscal austerity was a drag, and that easi

Blog on IMF's change of tone but not substance towards the U.K.'s austerity policies

The International Monetary Fund urged the U.K. government to ease back on its austerity program to avoid inflicting long-term damage on the nation's growth prospects.

The UK's planned austerity measures will be a drag on economic growth, the International Monetary Fund has warned.

The success of Japan’s bold program prompts speculation that Europe may follow suit.

Fix the Debt is the most recent incarnation of the Pete Peterson machine seeking imposition of austerity on the masses, ostensibly to address economic downturn.

Fiscal stimulus appears to have won the intellectual argument among economists, but governments and voters still favor austerity.    

WASHINGTON, May 20 (Reuters) - The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest...

Yair Lapid presented an austerity budget this month with tax increases and subsidy cuts that hit hard the people he claimed to represent.    

They say hindsight is 20/20, but according to Paul Krugman it may actually be much worse than that when it comes to economic policy-making. The...

Old-fashioned Austerity - Paul Krugman The 1 Percent Are Only Half the Problem - NYT Unconventional Monetary Policies - The Irish Economy For Stock-Picking Advice, Don’t Ask an Economist - Greg Mankiw The Week Ahead: Ready for Some Fedspeak? -...

Debtors' Prison should be required reading for anyone who influences economic policy in this country. Open-minded readers should come away convinced that we need to reject the economics of despair for an economics of hope.

The austerity policies that gripped the world in the face of the global economic downturn have not worked. Unless the intent was to make a...

Olli Rehn, the European Union’s top economist and a focus of anger across Europe against harsh belt-tightening policies, says he is not a doctrinaire adherent to austerity measures.    

NICOSIA (Reuters) - The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.

The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.

NICOSIA, May 17 (Reuters) - The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.

@TBPInvictus here. Things have not been going well of late for the ideologues who also wax economic regarding inflation, interest rates, austerity, etc. They’ve been wrong at every turn. Luskin, Ferguson, Bowyer, Laffer, Kudlow, the WSJ editori

Japan’s economy has posted an unexpectedly robust growth rate, but economists said Europe, particularly Germany under Chancellor Angela Merkel, is not willing to learn from Tokyo.    

The embattled French president has pledged ‘more growth and less austerity’ in Europe, plus measures to fight youth unemployment and boost investment

The U.S. recovery hasn't been pretty. But it's been prettier than Europe and Japan, for sure.    

Simpson and Bowles and austerity's other sales people aren't really economic thinkers. They're paid to pitch a product. They didn't invent austerity any more than Alex Rodriguez invented Pepsi. But what they're peddling isn&#

In a new piece up at The New Republic, Michael Kinsley defends the austerity crowd, and he ends his piece with this line: When Krugman says he’s only worried about “premature” fiscal discipline, it becomes largely a question of emph

There's virtually nobody left who credibly argues that austerity is a good remedy for a weak economy. But there is still some debate as to why, in the aftermath of the economic crisis, a number of smart people/business leaders/politics/etc. jumped ab

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity.

The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity.

WASHINGTON (MarketWatch) -- The cuts in government spending in the U.S. have been larger in percentage terms than in the U.K. or the euro area, where fiscal austerity has received more attention, Boston Fed President Eric Rosengren told an audience i

Stop the Republican march toward austerity madness. And for God's sake, Democrats: More of you should take a cue from people like Sen. Harkin and Sen. Warren, and lead for a change.

Germany has returned to growth but it is weak growth at best, while the eurozone GDP data has added fuel to the austerity versus growth debte

ATHENS, May 15 (Reuters) - Greece's economy shrank 5.3 percent in the first quarter as expected, data showed on Wednesday, as austerity measures demanded by the country's foreign lenders continued to...

It's been slow in coming, but religious leaders are starting to speak out against the mechanisms and high social cost of austerity.

Austerity in the New York Review of Books - Paul Krugman The Geography of Student Debt - Liberty Street Economics Remember When the IRS Targeted Liberals? - ataxingmatter Wherein I Try to Help Robert Waldmann Calm Down - Uneasy Money...

LONDON , May 14 (Reuters) - New bosses at two of the world's largest mining companies, BHP Billiton and Rio Tinto , wooed investors on Tuesday with promises to slash billions of dollars of spending and press ahead with asset sales, boosting returns.

LONDON , May 14 (Reuters) - New bosses at two of the world's largest mining companies, BHP Billiton and Rio Tinto , wooed investors on Tuesday with promises to slash billions of dollars of spending...

LONDON , May 14 (Reuters) - New bosses at two of the world'slargest mining companies, BHP Billiton and Rio Tinto, wooed investors on Tuesday with promises to slashbillions of dollars of spending and press ahead with assetsales, boosting returns.

LONDON , May 14 (Reuters) - New bosses at two of the world's largest mining companies, BHP Billiton and Rio Tinto , wooed investors on Tuesday with promises to slash billions of dollars of spending and press ahead with asset sales, boosting returns.

CANNES, France, May 15 (Reuters) - The Cannes film festival may get some of its swagger back on Wednesday when it opens with Baz Luhrmann's lavish 3D period drama "The Great Gatsby", an opportunity to shed the caution of recent years overshadowed by

CANNES, France, May 15 (Reuters) - The Cannes film festivalmay get some of its swagger back on Wednesday when it opens withBaz Luhrmann's lavish 3D period drama "The Great Gatsby", anopportunity to shed the caution of recent years overshadowed bybroa

The workers were protesting the government’s use of an emergency law to battle trade unions that oppose austerity measures demanded by creditors.    

World’s biggest distiller becomes the latest casualty of China’s crackdown on conspicuous consumption as its sales of baiju slump 40%

Next summer will mark the 100thanniversary of the chain of diplomatic missteps that led toWorld War I. In light of recent economic blunders, this alsoshould be the opportunity to revisit the war’s aftermath, whenmiscalculations seeded the condi

LONDON , May 14 (Reuters) - New bosses at two of the world'slargest mining companies, BHP Billiton and Rio Tinto, wooed investors on Tuesday with promises to slashbillions of dollars of spending and press ahead with assetsales, boosting returns.

LONDON , May 14 (Reuters) - New bosses at two of the world's largest mining companies, BHP Billiton and Rio Tinto , wooed investors on Tuesday with promises to slash billions of dollars of spending...