The Fiscal Tools of Crisis Management – A Comparative Analysis

Asztalos, Viktor (2015) The Fiscal Tools of Crisis Management – A Comparative Analysis. Public Finance Quarterly = Pénzügyi Szemle, 60 (4). pp. 462-481.

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The study provides an overview of three European countries’ crisis management in response to external shocks in 2008. Following a short theoretical outline, the paper evaluates the key characteristics of adjustment measures, placing special emphasis on the vulnerability of countries. On the basis of the analysed crisis periods it concludes that fiscal stability in itself is insufficient. As the study argues, economic policymakers must not be narrow-minded and -- along with maintaining fiscal prudency -- they also have to closely observe the regulatory activities of the financial intermediary system and other economic indicators.

Item Type:Article
Uncontrolled Keywords:global crisis, vulnerability, crisis management, fiscal policy, economic policy
JEL classification:E62 - Fiscal Policy
H12 - Crisis Management
H62 - National Deficit; Surplus
H87 - International Fiscal Issues; International Public Goods
ID Code:8828
Deposited By: Alexa Horváth
Deposited On:18 Sep 2023 07:49
Last Modified:18 Sep 2023 07:49

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