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December 2012

In Times of Consecutive Crises, Is Fiscal Policy the Answer?

Otaviano Canuto's picture

By flickr user prawnpieIn recent weeks, fiscal policy – once the domain of policy wonks – has become part of dinner-table conversations. As Washington attempts to put its fiscal house in order, catchy metaphors from "fiscal cliff" to "fiscal calamity" to "austerity bomb" (and even "hostage crisis") permeate the media.  Amidst the media spin and misnomers however, there lies a crucial debate.

Where Rubber Hits the Road: Reforming Public Sector Management

Otaviano Canuto's picture

In practice, theory is something else. I've already heard variants of this expression in several countries and languages. Very often from people referring to the gap between abstract, generic principles and the implementation of projects and policies.