Artikel
Fiscal Soundness and the Triangle of Stability
Average gross general government debt-to-GDP ratios in advanced economies have almost reached their highest levels since WWII. Moreover, growing fiscal risks emerge from adverse fiscal-financial linkages and aging societies. Policy-makers should take advantage of the current economic recovery and extraordinary measures by central banks to pursue growth-friendly fiscal consolidation, supported by comprehensive structural and financial sector reforms to improve the growth potential and reduce future fiscal liabilities. These are fundamental elements to enhance macroeconomic resilience and to pave the way for a timely exit from expansionary monetary policy. In case of EMU, a strict implementation of the EU"s fiscal and banking sector governance is essential.
- Sprache
-
Englisch
- Erschienen in
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Journal: Credit and Capital Markets – Kredit und Kapital ; ISSN: 2199-1235 ; Volume: 50 ; Year: 2017 ; Issue: 2 ; Pages: 171-187
- Klassifikation
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Wirtschaft
- Thema
-
fiscal policies
public debt
macroeconomic stability
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buck, Florian
Schuknecht, Ludger
- Ereignis
-
Veröffentlichung
- (wer)
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Duncker & Humblot
- (wo)
-
Berlin
- (wann)
-
2017
- DOI
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doi:10.3790/ccm.50.2.171
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Buck, Florian
- Schuknecht, Ludger
- Duncker & Humblot
Entstanden
- 2017
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