The European Central Bank organised its sixth biennial conference on Fiscal Policy and EMU Governance, which took place in Frankfurt on 18-19 December 2023.
In view of the Covid-19 crisis, the war in Ukraine and its economic consequences, and the current situation of high inflation, the role of fiscal policy for stabilisation and its effects on inflation are matters of interest for both academics and policymakers. The aim of this conference is to explore these issues, including the interaction of fiscal and monetary policy, fiscal policy implications of monetary policy normalisation, and risk-sharing arrangements and private/public balance sheet developments in monetary unions.
The design of fiscal rules and fiscal consolidations
Chair: Christophe Kamps, European Central Bank
Measuring Fiscal Discipline: A Revealed Preference Approach
Geert Mesters, Universitat Pompeu Fabra, together with Regis Barnichon
Discussant: Facundo Piguillem, Einaudi Institute for Economics and Finance
Is “expansionary fiscal austerity” for real?
Roberto Perotti, Bocconi University, together with Luca Sala
Discussant: Gernot Mueller, Universität Tübingen
