This paper is an account of the economic conditions of the Solomon Islands. The macroeconomic situation has shown a considerable expansion in recent years with the external buffers intact. Although the Islands have shown good growth, the IMF staff expects only a moderate performance in 2013 and...

The aim of this paper is to focus on the institutional process by which the Brazilian government spends, borrows, and collects taxes. I am going to evaluate the conventional view that taxes finance government spending, that bond sales are financing operations, and that the Brazilian federal...

The link between money creation and inflation has been theoretically demonstrated, but different inflation responses to Federal Reserve activity after the Great Recession and COVID recession showed the incomplete nature of the theory. We model a ``fiscal transmission mechanism'' whereby Federal...