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Daily Archives: December 10, 2011

BIS Paper – Fiscal policy and its implications for monetary and financial stability

Fiscal policy and its implications for monetary and financial stability by Stephen Cecchetti, Martin Feldstein, Jaime Caruana, José De Gregorio, Peter Diamond and Peter Praet, BIS Papers No 59, December 2011

  • “The BIS 10th Annual Conference took place in Lucerne, Switzerland on 23-24 June 2011. The event brought together senior representatives of central banks and academic institutions, who exchanged views on the conference theme of “Fiscal policy and its implications for monetary and financial stability”. This volume contains the opening address of Stephen Cecchetti (Economic Adviser, BIS), a keynote address from Martin Feldstein, and the contributions of the policy panel on “Fiscal policy sustainability and implications for monetary and financial stability”. The participants in the policy panel discussion, chaired by Jaime Caruana (General Manager, BIS), were José De Gregorio (Bank of Chile), Peter Diamond (Massachusetts Institute of Technology) and Peter Praet (European Central Bank).”
  • New BIS Working Papers

    Long-term fiscal sustainability in major economies, by Alan J Auerbach, Working Papers No 361, December 2011 The “Austerity myth”: Gain Without Pain?, by Roberto Perotti Working Papers No 362, December 2011 The Liquidation of Government Debt, by Carmen M. Reinhart and M. Belen Sbrancia, Working Papers No 363, December 2011 Perceptions and misperceptions of fiscal… Continue Reading