Fiscal developments in Europe and Central Asia
Luca Barbone, currently the Director for Economic Management and Poverty Reduction in Europe and Central Asia at the World Bank, gave a presentation at the most recent CASE Research Policy Seminar on June 17th. He spoke about “Fiscal developments in Europe and Central Asia in the wake of the crisis”. The Seminar was introduced by Marek Dabrowski, and commented by CASE Researcher, Maciej Krzak.
Luca Barbone detailed the different stages of fiscal policy before, during and after the crisis and explained regional trends in revenues and spending. Before the crisis, deficits and debt were falling across the region and fiscal policies improved on many fronts; but in the latter half of the decade, pre-crisis, buoyant revenues led to less fiscal restraint and a postponement of some needed reforms. For more on how crisis fiscal policy response varied throughout the region, Luca Barbone's assessment on the fiscal adjustment priorities ahead, and Maciej Krzak's commentary on the lecture, please see the seminar presentations.
1.Presentations:
Luca Barbone
Maciej Krzak
