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Lars Jonung. Photo.

Lars Jonung

Professor emeritus

Lars Jonung. Photo.

Fiscal policy is no free lunch: Lessons from the Swedish fiscal framework for fiscal targeting

Finanspolitik är ingen gratis lunch. Lärdomar från det svenska finanspolitiska ramverket.

Author

  • Fredrik N G Andersson
  • Lars Jonung

Summary, in English

Fredrik NG Andersson and Lars Jonung argue that the current push for fiscal activism is short-sighted. Instead, the Swedish case from the last 25 years shows that stable public finances combined with supply-side policies is the recipe for economic stability and growth.

Department/s

  • Department of Economics

Publishing year

2019-06-05

Language

English

Document type

Web publication

Publisher

voxeu.org

Topic

  • Economics

Keywords

  • fiscal policy
  • fiscal framework
  • austerity
  • supply side
  • economic growth
  • government debt
  • fiscal targeting

Status

Published