Fiscal policy and its implications for monetary and financial stability

Stephen Cecchetti, Martin Feldstein, Jaime Caruana, Jose De Gregorio, Peter Diamond and Peter Praet

No 59 in BIS Papers from Bank for International Settlements

Abstract: The BIS 10th Annual Conference took place in Lucerne, Switzerland on 23-24 June 2011. The event brought together senior representatives of central banks and academic institutions, who exchanged views on the conference theme of "Fiscal policy and its implications for monetary and financial stability". This volume contains the opening address of Stephen Cecchetti (Economic Adviser, BIS), a keynote address from Martin Feldstein, and the contributions of the policy panel on "Fiscal policy sustainability and implications for monetary and financial stability". The participants in the policy panel discussion, chaired by Jaime Caruana (General Manager, BIS), were José De Gregorio (Bank of Chile), Peter Diamond (Massachusetts Institute of Technology) and Peter Praet (European Central Bank).

Date: 2011 Written 2011-12
ISBN: 92-9131-051-4
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