Reassessing the Role and Modalities of Fiscal Policy in Advanced Economies
Reassessing the Role and Modalities of Fiscal Policy in Advanced Economies
Volume/Issue:
Volume 2013
Issue 056
Publication date: June 2013
ISBN: 9781498341608
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Topics covered in this book
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Business and Economics , Economics- Macroeconomics , Public Finance , PP , economic activity , government spending , sovereign bond , private sector , debt crisis , debt limit , fiscal policy change , political economy , debt ratio , Fiscal consolidation , Fiscal risks , Global , Europe
Summary
This paper investigates how developments during and after the 2008–09 crisis have changed economists’ and policymakers’ views on: (i) fiscal risks and fiscal sustainability; (ii) the effectiveness of fiscal policy as a countercyclical tool; (iii) the appropriate design of fiscal adjustment programs; and (iv) the role of fiscal institutions.
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