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Making Goldilocks Happy
By Carlo Cottarelli When it comes to adjusting public spending, getting the balance right is important. Fiscal adjustment is taking place in economies around the world, but risks remain high. Bringing...
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Fiscal Consolidation: Striking the Right Balance
By David Lipton (Version in Español, in عربي) The debate on austerity vs. growth has gained in intensity, as countries in Europe and elsewhere struggle with low growth, high debt, and rising...
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Don’t Rule it Out: Simplifying Fiscal Governance in Europe
By Petya Koeva Brooks and Gerd Schwartz The 2008 global financial crisis and its aftermath have tested the European Union’s (EU) fiscal governance framework—the rules, regulations, and procedures that...
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