23 Aug 2016
NEW PUBLICATION: “Fiscal Sustainability: Conceptual, Institutional, and Policy Issues”
CASE presents its new publication "Fiscal Sustainability: Conceptual, Institutional, and Policy Issues".
'Since 2008, the world economy has been facing the consequences of the global financial crisis. As a result, many economic policy paradigms have been revised, and this process is far from complete. The policy area, which needs a fundamental rethinking (especially in advanced economies), relates to the role of public finance and fiscal policy in ensuring economic growth and financial stability. The primary task will be to develop a new analytical approach and detailed indicators, which are necessary to provide a correct diagnosis and effective recommendations.'
What are the 'safe' levels of budget deficit and public debt during 'normal' or 'good' times? Is there a single norm of fiscal safety?
These questions are discussed in the new paper by Marek Dabrowski.
The publication is a part of CASE Working Papers series.
