Momentum on reducing the deficit is building in Washington as Congress and the White House consider reform to benefit entitlements.

Too much of Australia"s recent macro-economic policy debate has focused on whether and on how the Reserve Bank should prick the perceived housing price bubble.

If Italy postpones painful market reforms,it will probably see aprolonged period of economic stagnation and ever-widening budget deficits.

Italy'spresent economic and financial predicament is conceptually remarkably similar to that of Argentina in the late 1990s.

The Eurozone's periphery is now condemned to a very prolonged period of painful nominal wage and price deflation.

The fact that Argentine policymakers perversely do not draw the correct lessons from their many policy mistakes dooms them to repeat those mistakes.

One might well ask how much sense it makes for Europe to be considering tightening its macroeconomic policy stance.

A dynamic market for corporate control is a key driver of economic growth.