Fiscal outlook and fi scal sustainability risks

C. Cottarelli

Financial Stability Review, 2012, issue 16, 17-28

Abstract: The paper assesses the outlook for public finances in both advanced and emerging economies following the financial crisis. It highlights the risks arising from the current outlook and discusses the key reasons for different market responses to the deterioration of the fiscal accounts across the regions of the world (e.g. between Europe on one side and the United States and Japan on the other side). It draws policy implications for the short and medium term.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:fisrev:2011:16:02

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