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 i...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.Read More
Publication Year: 2023
Publication Date: 2023-01-13
Language: en
Type: book-chapter
Indexed In: ['crossref']
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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.