Book contents
- Rethinking Fiscal Policy after the Crisis
- Rethinking Fiscal Policy after the Crisis
- Copyright page
- Contents
- Figures
- Tables
- Boxes
- Contributors
- Acknowledgements
- 1 Introduction and Overview
- Part I Frontiers of Fiscal Policy
- Part II Better Institutions for Better Fiscal Policy
- Part III New Analytical Perspectives
- 10 Problems with Deficit Accounting
- 11 Fiscal Policy and Financial Distress: A Balance Sheet Perspective
- 12 Financial Cycles and Fiscal Cycles
- 13 Fiscal Sustainability and the Financial Cycle
- 14 Calibrating the Cost of Defaulting in Models of Sovereign Defaults
- Part IV The Comeback of Discretionary Fiscal Policy
- Book part
- Index
- References
11 - Fiscal Policy and Financial Distress: A Balance Sheet Perspective
from Part III - New Analytical Perspectives
Published online by Cambridge University Press: 19 May 2017
Edited by
Book contents
- Rethinking Fiscal Policy after the Crisis
- Rethinking Fiscal Policy after the Crisis
- Copyright page
- Contents
- Figures
- Tables
- Boxes
- Contributors
- Acknowledgements
- 1 Introduction and Overview
- Part I Frontiers of Fiscal Policy
- Part II Better Institutions for Better Fiscal Policy
- Part III New Analytical Perspectives
- 10 Problems with Deficit Accounting
- 11 Fiscal Policy and Financial Distress: A Balance Sheet Perspective
- 12 Financial Cycles and Fiscal Cycles
- 13 Fiscal Sustainability and the Financial Cycle
- 14 Calibrating the Cost of Defaulting in Models of Sovereign Defaults
- Part IV The Comeback of Discretionary Fiscal Policy
- Book part
- Index
- References
Summary
A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
- Type
- Chapter
- Information
- Rethinking Fiscal Policy after the Crisis , pp. 323 - 355Publisher: Cambridge University PressPrint publication year: 2017
References
Borensztein, Eduardo and Mauro, Paolo (2004). The case for GDP-indexed bonds. Economic Policy, 19(38), 165–216.CrossRefGoogle Scholar
Brunnermeier, Marcus K., Garicano, Luis, Lane, Philip R., Pagano, Marco, Reis, Ricardo, Santos, Tano, NVan Nieuwerburgh, Stijn and Vayanos, Dimitri (2011). European Safe Bonds: ESBies. Euro-nomics.com, http://personal.lse.ac.uk/vayanos/Euronomics/ESBies.pdfGoogle Scholar
Corsetti, Giancarlo, Feld, Lars P., Lane, Philip R., Reichlin, Lucrezia, Rey, Hélène, Vayanos, Dimitri and Weder di Mauro, Beatrice (2015). A New Start for the Eurozone: Dealing with Debt, Monitoring the Eurozone 1. London: Centre for Economic Policy Research, ebook.Google Scholar
Eichengreen, Barry and Panizza, Ugo (2016). A surplus of ambition: can Europe rely on large primary surpluses to solve its debt problem? Economic Policy, 31(85), 5–49.Google Scholar
Escolano, Julio (2010). A practical guide to public debt dynamics, fiscal sustainability, and cyclical adjustment of budgetary aggregates. IMF Technical Notes and Manuals 10/02.Google Scholar
European Systemic Risk Board (2015). The Regulatory Treatment of Sovereign Exposures, www.esrb.europa.eu/pub/pdf/other/esrbreportregulatorytreatmentsovereignexposures032015.en.pdf?29664e3495a886d806863aac942fcdaeGoogle Scholar
Fitzgerald, J. and Lane, P. (2016). Fiscal Policy and Financial Distress: A Balance Sheet Perspective. Trinity College Dublin, Trinity Economic Papers.Google Scholar
Honohan, Patrick (1999). Fiscal adjustment and disinflation in Ireland: setting the macro basis of economic recovery and expansion. In Barry, F., ed., Understanding Ireland’s Economic Growth. Basingstoke: Macmillan Press, pp. 75–98.Google Scholar
IMF (2015). Balance Sheet Analysis in Fund Surveillance. Policy Paper, www.imf.org/external/np/pp/eng/2015/061215.pdf.Google Scholar
Jeanne, O. and Rancière, R. (2011). The optimal level of international reserves for emerging market economies: a new formula and some applications. Economic Journal, 121 (September), 905–30.Google Scholar
Kearney, Ide, McCoy, D., Duffy, D., McMahon, M. and Smyth, D. (2000). Assessing the Stance of Irish Fiscal Policy. ESRI Series: Budget Perspectives 2001/1.Google Scholar
Lane, Philip R. (2010). External imbalances and fiscal policy. In Salvador Barrios, Servaas Deroose, Sven Langedijk and Lucio Pench, eds., External Imbalances and Public Finances in the EU. European Economy Occasional Paper No. 66.Google Scholar
Pâris, Pierre and Wyplosz, Charles (2014). PADRE: Politically Acceptable Debt Restructuring in the Eurozone. Geneva Special Report on the World Economy 3, ICMB and CEPR.Google Scholar
Tirole, Jean (2015). Country solidarity in sovereign crises. American Economic Review, 105(8), 2333–63.Google Scholar