BEGIN:VCALENDAR
VERSION:2.0
METHOD:PUBLISH
CALSCALE:GREGORIAN
BEGIN:VEVENT
DTSTAMP:20260503T210049Z
DTSTART;VALUE=DATE:20140720
DTEND;VALUE=DATE:20140722
SUMMARY:Fiscal Policy and Macroeconomic Performance
TRANSP:TRANSPARENT
UID:2014_07_21_frankfurt_635840
DESCRIPTION:Deutsche Bundesbank\, Stiftung Geld und Währung\, Kiel Instit
 ute for the World Economy and University of Kiel \n\n\nSince the onset o
 f the 2007-2008 economic crisis\, the subsequent recession\, and the arr
 ival of interest rates at the zero lower bound\, interest has turned tow
 ard understanding the effects of fiscal policy on macroeconomic performa
 nce\, with an eye toward encouraging a more rapid recovery in the short 
 to medium run. At the same time\, national budgets have come under strai
 n due to the decline in tax revenues and the increase in social benefits
  brought about by a combination of automatic stabilizers and discretiona
 ry stimulus. National governments face a tradeoff between anti-cyclical 
 policy and timely fiscal consolidation\, which reflects fiscal policymak
 ers' objective of stabilizing the macroeconomy while also stabilizing th
 e public debt.
LOCATION:
CONTACT:
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END:VCALENDAR