Fiscal policy in a turbulent era : tectonic shifts / edited by Enrique Alberola (Adviser, Banco de España, Spain; former Chief of the BIS Americas Office, Mexico).

Format:

Book

Contributor:

Alberola Ila, Enrique, editor.

Edward Elgar Publishing, publisher.

Series:

In a Turbulent Era

Language:

English

Subjects (All):

Finance, Public.

Fiscal policy.

Economic policy.

Genre:

Electronic books.

Physical Description:

1 online resource (252 pages)

Edition:

First edition.

Place of Publication:

Cheltenham, UK : Edward Elgar Publishing Limited, 2024.

Summary:

"Recognising the regained importance of fiscal policy over the last two decades, this timely book provides much-needed insight into the manifold changes and challenges of fiscal policy and how it is adapting to the unpredictable nature of the 21st century. Fiscal Policy in a Turbulent Era brings together esteemed experts who offer detailed analyses on how the turbulence of the last 20 years has caused a tectonic shift in economic thinking. Chapters consider the resources which underpin current fiscal policy, assessing its overall effectiveness before outlining the changing priorities due to ageing, inequality and the green transition, the financial tools available, and the future of fiscal policy in uncertain times. Incisive and thorough, this book acknowledges that although fiscal policy has become more relevant and effective, it now faces far greater risks against the backdrop of increasing debt, rising demands and higher interest rates. This highly prescient book will be a crucial read for students, academics and researchers studying public finance, public sector economics, political science, banking and finance, and public policy. Offering in-depth accessible analyses, Fiscal Policy in a Turbulent Era will also prove beneficial for practitioners and policymakers working in finance ministries, central banks and other areas associated with fiscal policy"-- Provided by publisher.

Contents:

Contents: Foreword.Pablo Hernández de Cos

Preface and acknowledgments

1. Introduction: The transformation of fiscal policy in the turbulent era / Enrique Alberola

Part I: Fiscal resources and the fiscal space

2. Debt explosions and reductions in emerging and developing countries: Drivers and implications / Ugo Panizza and Andrew Powell

3. Sovereign debt restructuring and the missing international coordination / Aitor Erce

4. Low interest rates, monetary policy and the close links with fiscal policy / Enrique Alberola

5. A macroeconomic perspective on the challenges of taxing multinationals / Shafik Hebous

Part II: Uses of fiscal policy: The stabilization role of fiscal policy

6. The effectiveness of fiscal policy / Javier Andrés

7. Fiscal rules: Challenges and reform opportunities for emerging and developing economies / Martín Ardanaz, Eduardo Cavallo and Alejandro Izquierdo

8. Fiscal governance in the European Union / Niels Thygesen

9. Fiscal policy and financial stability: Revisiting the nexus / Claudio Borio, Marc Farag and Fabrizio Zampolli

Part III: Uses of fiscal policy: Redistribution, allocation and emerging demands

10. Fiscal policy and income redistribution in the turbulent era / Benedict Clements, Sanjeev Gupta and João Tovar Jalles

11. Redistribution, automatic stabilizers and public debt / Enisse Kharroubi, Benoit Mojon and Luiz Pereira da Silva

12. Meeting the economic challenges of a greying world / Aida Caldera and Dorothée Rouzet

13. Climate transition: Implications for fiscal policies / Lorenzo Forni

Part IV: Conclusion

14. The future of fiscal policy / Vitor Gaspar, Sandra Lizarazo and Adrián Peralta-Alva.

Notes:

Description based on print record.

ISBN:

9781035300563 (e-book)

Access Restriction:

Restricted for use by site license.