Rethinking Fiscal Policy after the Crisis

?udovít Ódor

• Publisher: Cambridge University Press
• Year: 2017
• ISBN:
  9781108339568
• Topic: Economics
• Subtopic: Macroeconomics
• Index: Economics

Before the financial crisis, fiscal policy often played a secondary role to monetary policy, with the manipulation of interest rates to hit inflation targets being the main instrument of macroeconomic management. However, after the financial crisis and the subsequent euro crisis, fiscal policy has been brought back to the fore. In the past, the limited understanding of the effects of fiscal policy, neglect of monetary-fiscal interactions, faulty institutional set ups or ignorance of market expectations often led to bad policies. This book, written by a team of leading economists, seeks to address the current oversight of fiscal policy and to upgrade our understanding and conduct of fiscal policy, presenting a well-balanced diagnosis and offering several important lessons for future fiscal analysis and policymaking. It is an essential read for academics and graduate students focused on the current debate over fiscal policy, as well as policymakers working on day-to-day policy issues.

Table of contents

• Cover
• Half-title
• Title page
• Copyright information
• Table of contents
• List of Figures
• List of Tables
• List of Boxes
• List of Contributors
• Acknowledgements
• 1 Introduction and Overview
• Part I Frontiers of Fiscal Policy
• Part II Better Institutions for Better Fiscal Policy
• Part III New Analytical Perspectives
• Part IV The Comeback of Discretionary Fiscal Policy
• Appendix 1
• Appendix 2
• Index