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.
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
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