Fiscal Sustainability: Conceptual, Institutional, and Policy Issues
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Marek Dabrowski
Expertise: Background: Current Positions: Previous Positions: Dr Marek Dabrowski is a Non-Resident Scholar at Bruegel, Brussels, Co-founder and Fellow at CASE – Center for Social and Economic Research in Warsaw, and Visiting Professor at the Central European University in Vienna. He was a cofounder of CASE (1991), former Chairman of its Supervisory Council and President … <a href="https://case.dev10.pro/publications/fiscal-sustainability-conceptual-institutional-and-policy-issues/">Continued</a>
Articles from this author:
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Economic recovery and inflation
In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed—in particular, the new financial regulations (which led to a deep decline in the money multiplier). However, there are numerous signs in both the real and financial spheres that … Continued
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Economic recovery and inflation
‘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: “Fiscal Sustainability: Conceptual, Institutional, and Policy Issues“.
The publication is a part of CASE Working Papers series.