The global economic crisis that broke out in 2008 has reawakened interest in fiscal policy. In the early stages of the crisis, there was a widespread turn to countercyclical fiscal stimulus. Furthermore, the recent euro area crisis has underlined the importance of long-term fiscal sustainability for macroeconomic stability. More subtly, the global crisis has also refocused interest in fiscal policy as an instrument for longer-term growth and development...
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INFORMATION
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2012/10/01
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Fiche
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73041
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2012/10/03
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Disclosed
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Fiscal policy for growth and development
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Fiscal policies
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