The federal budget does not have to balance. The numbers by the window do not have to match the numbers by the door. Why? Because the United States has the world’s reserve currency—the petrodollar. It ...

The International Public Sector Accounting Standards Board issued an exposure draft Tuesday offering proposed guidance for government entities around the world on how they can account for financial ...

Using a short-term interest rate as the monetary policy instrument can be problematic near its zero bound constraint. An alternative strategy is to use a long-term interest rate as the policy ...

As the size of balance sheets have become a tool for central banks, monetary policy implementation has spanned to cover a wider array of instruments and markets, which European Central Bank authors ...