Fiscal Activism in Booms, Busts, and Beyond

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This paper discusses activist fiscal policies during good times, the crisis period and for the post-crisis period. The study argues, first, that fi scal policies were overly imprudent during the boom phase preceding the crisis. This was due to excessive expenditure growth and problems with measuring...

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Detalles Bibliográficos
Autor principal:	Schuknecht, Ludger
Formato:	Artículo revista
Lenguaje:	Inglés
Publicado:	Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2010
Materias:	fiscal activism booms and busts consolidation expenditure policies E62 E63 H62 consolidación políticas de gasto activismo fiscal auge y caída
Acceso en línea:	https://revistas.unc.edu.ar/index.php/REyE/article/view/3872
Aporte de:	Revistas de la UNC de Universidad Nacional de Córdoba

id	I10-R10article-3872
record_format	ojs
institution	Universidad Nacional de Córdoba
institution_str	I-10
repository_str	R-10
container_title_str	Revistas de la UNC
language	Inglés
format	Artículo revista
topic	fiscal activism booms and busts consolidation expenditure policies E62 E63 H62 consolidación políticas de gasto activismo fiscal auge y caída E62 E63 H62
spellingShingle	fiscal activism booms and busts consolidation expenditure policies E62 E63 H62 consolidación políticas de gasto activismo fiscal auge y caída E62 E63 H62 Schuknecht, Ludger Fiscal Activism in Booms, Busts, and Beyond
topic_facet	fiscal activism booms and busts consolidation expenditure policies E62 E63 H62 consolidación políticas de gasto activismo fiscal auge y caída E62 E63 H62
author	Schuknecht, Ludger
author_facet	Schuknecht, Ludger
author_sort	Schuknecht, Ludger
title	Fiscal Activism in Booms, Busts, and Beyond
title_short	Fiscal Activism in Booms, Busts, and Beyond
title_full	Fiscal Activism in Booms, Busts, and Beyond
title_fullStr	Fiscal Activism in Booms, Busts, and Beyond
title_full_unstemmed	Fiscal Activism in Booms, Busts, and Beyond
title_sort	fiscal activism in booms, busts, and beyond
description	This paper discusses activist fiscal policies during good times, the crisis period and for the post-crisis period. The study argues, first, that fi scal policies were overly imprudent during the boom phase preceding the crisis. This was due to excessive expenditure growth and problems with measuring the output gap and fiscal stance. Second, during the crisis, too much emphasis was placed on the need for (activist) fiscal demand support despite demand excesses in the boom years in several countries. Fiscal activism focussed less (and less strongly than needed) on the balance sheet nature of the crisis and the significant misallocation of resources. Third, and given strong increases in public expenditure ratios in the crisis, timely fi scal exit strategies need to bring these down to sustainable levels so as to regain fiscal sustainability and to create an environment conducive to consolidation and growth.
publisher	Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
publishDate	2010
url	https://revistas.unc.edu.ar/index.php/REyE/article/view/3872
work_keys_str_mv	AT schuknechtludger fiscalactivisminboomsbustsandbeyond AT schuknechtludger elactivismofiscalenlosaugeslascrisisymasalla
bdutipo_str	Revistas
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Fiscal Activism in Booms, Busts, and Beyond

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