Bericht

Fiscal Issues in Financial Crisis

Fiscal constraint is potentially lax in catching-up economies, but it has not been abused by most countries considered in this paper. Fiscal risks are significant currently, but sustainability and structural balances are not threatened as a rule, if the return to potential growth rates is to be achieved in the medium run. The risks to countercyclical public financing could be discouraged by a comprehensive EU stabilization policy of some sort. Early euro adoption, absent credible stabilization policy, is not the first best policy option for fiscal policy targets.

Sprache
Englisch

Erschienen in
Series: wiiw Research Report ; No. 373

Klassifikation
Wirtschaft
Fiscal Policy
General Financial Markets: Government Policy and Regulation
Thema
public debt
sustainability
No-Ponzi game criterion
private debt
foreign debt

Ereignis
Geistige Schöpfung
(wer)
Gligorov, Vladimir
Ereignis
Veröffentlichung
(wer)
The Vienna Institute for International Economic Studies (wiiw)
(wo)
Vienna
(wann)
2011

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Bericht

Beteiligte

  • Gligorov, Vladimir
  • The Vienna Institute for International Economic Studies (wiiw)

Entstanden

  • 2011

Ähnliche Objekte (12)