Public finance and fiscal policy

Focus

Finance and inclusive growth: How to restore a healthy financial sector that supports long-lasting, inclusive growth?

Over the past 50 years, credit by banks and other institutions to households and businesses has grown three times as fast as economic activity. At these levels, further expansion is likely to slow long-term growth and raise inequality.

Achieving prudent debt targets using fiscal rules

Debt targets can serve as a fiscal policy anchor to ensure the sustainability of fiscal policy and that there is sufficient policy room to cope with adverse shocks. Prudent debt targets provide the commitment tool that re-assures markets and thereby diminishes risk premia and the cost of active fiscal policy.

More reports

Vulnerability of Social Institutions

Choosing fiscal consolidation instruments compatible with growth and equity

Public Spending on Health and Long-Term Care

Less income inequality and more growth - Are they compatible?

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