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Fiscal Policy: Lessons from the Crisis

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.

Attendance at the conference is by invitation only.

Organizer: Mr. Daniele Franco, Banca d'Italia