Achieving and safeguarding sound fiscal positions - Proceedings of the Workshop organised by the Directorate-General for Economic and Financial Affairs in Brussels on 17 January 2008 - Martin Larch

Martin Larch

No 377, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: Proceedings of the Workshop organised by the Directorate-General for Economic and Financial Affairs in Brussels on 17 January 2008. The post-2007 global financial and economic crisis has generated considerable political pressure in the EU, and beyond, to loosen the reigns of fiscal policy. Stabilisation is given priority over adjustment. In the medium and long term, however, one of the main challenges of public finances remains to achieve and safeguard sound fiscal positions in the face of the impending budgetary impact of ageing population. EU Member States need to create the necessary room in their budgets so as to make sure that the increasing weight of age-related expenditure does not affect the sustainability of government finances. Against this backdrop, the papers collected in this volume take a closer look at the mechanics and dynamics of fiscal adjustment in a bid to better understand the factors that are conducive to the achievement and consolidation of sound fiscal positions.

Keywords: Fiscal consolidation; sustainability of public finances; the cyclical response of fiscal policies; the underlying budget balance (search for similar items in EconPapers)
Pages: 191 pages
Date: 2009-04
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ec.europa.eu/economy_finance/publications/pages/publication14925_en.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0377

Access Statistics for this paper

More papers in European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission Contact information at EDIRC.
Bibliographic data for series maintained by ECFIN INFO (ecfin-info@ec.europa.eu).