The volume collects the essays presented at the 12th Workshop on Public Finance organised by Banca d'Italia in Perugia on 25-27 March 2010. The workshop focused on the implications for fiscal policy analysis of the 2008-09 recession, the most severe at global level since the Great Depression.
Session 1 examined the lessons of the crisis for the role of automatic stabilisers and discretionary fiscal policy. Session 2 investigated the effects of policy actions on the economy. Section 3 considered the impact of the crisis on fiscal policy rules and procedures. Section 4 dealt with the economic legacy of the crisis and the policy actions required in the years to come.
The acts of the Public Finance workshops held from 1999 to 2008 are available at: Publications › Other conference proceedings.
