Smart Fiscal Consolidation: A Strategy for Achieving Sustainable Public Finances and Growth by Galina Kolev

Smart Fiscal Consolidation: A Strategy for Achieving Sustainable Public Finances and Growth

byGalina Kolev, Jürgen Matthes

Kobo ebook | May 14, 2013

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Due to high government debt levels and the dangers of self-defeating austerity in Europe, smart fiscal consolidation measures are needed that foster economic growth. A thorough review of the relevant literature provides many useful insights. To regain credibility, a clearly communicated broad reform program (including structural reforms) is required. Targeting mainly public expenditures, rather than revenues, raises the chances of expansionary effects. The timing of consolidation should focus on adjustment in structural terms to leave room for automatic stabilisers. The main part of the study evaluates the impact of individual consolidation and fiscal reform measures on consolidation success, on economic growth (in the long and short term), and on social fairness.

Title:Smart Fiscal Consolidation: A Strategy for Achieving Sustainable Public Finances and GrowthFormat:Kobo ebookPublished:May 14, 2013Publisher:Wilfried Martens Centre for European StudiesLanguage:English

The following ISBNs are associated with this title:

ISBN:9990044047813

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