Fiscal policy

Agenda:

  • what is fiscal policy?
  • how is fiscal policy redefined in post-2008 global economy?
  • why fiscal policy may be an instrument of sustainable development (what is “sustainable)?
  • innovative fiscal policy: pushing the policy frontier beyond standard toolkit of tax/government expenditure balance

Innovative fiscal policy… tackles above issues with an application to post-socialist (aka transition) economies. There we see resurgence of the role of state as a consolidating force for economic foundation with attention to technical, industrial, and social components.

However, the answer is not so simple. Problems in each category are persistent, with evolving operational structure and apparent emphasis on economies’ access to capital markets and public-private finance…