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Fiscal policy

In: Macroeconomics for Development

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Abstract

This chapter overviews the role of fiscal policy in the macro-economy, it then discusses debt dynamics and the sustainability of public debt. It considers the important role of Ricardian Equivalence in macroeconomics. The role of redistributive fiscal policy is considered – in particular pro-poor adjustment policy. The chapter also considers reining in the fiscal deficit and insulating the poor from crises. Pro-poor public expenditure is also considered. Finally, the chapter overviews the role of stabilization funds.

Suggested Citation

  • ., 2023. "Fiscal policy," Chapters, in: Macroeconomics for Development, chapter 5, pages 66-88, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18793_5
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    File URL: https://www.elgaronline.com/view/9781788977869.00009.xml
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    Cited by:

    1. Caterina Seghini & Stéphane Dees, 2024. "The Green Transition and Public Finances," Working papers 949, Banque de France.

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    Keywords

    Development Studies; Economics and Finance;

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