The Peterson Institute for International Economics hosted a book release on July 14, 2014, for Post-crisis Fiscal Policy, the first book by International Monetary Fund (IMF) staff entirely devoted to the analysis of fiscal policy during the global crisis. The book reflects the IMF's unique vantage point while helping its members navigate through the budgetary difficulties of recent tumultuous years. In particular, it underscores how the global financial crisis has reshaped our understanding of the role of fiscal policy and has refocused the attention of the economics profession on fiscal sustainability issues.
The IMF's Philip Gerson, deputy director of the European Department, and Abdelhak Senhadji, assistant director of the Fiscal Affairs Department, presented the book and its conclusions. An open panel discussion followed with Carlo Cottarelli, commissioner of public spending reform in Italy and former director of the Fiscal Affairs Department; Vitor Gaspar, director of the fiscal affairs department, and former minister of finance of Portugal; Maya MacGuineas, president of the Committee for a Responsible Federal Budget; and Adam S. Posen, president of PIIE.
Book: Post-crisis Fiscal Policy
Carlo Cottarelli, Philip Gerson, and Abdelhak Senhadji, eds.
Presentations: Overview [pdf] | Philip Gerson and Abdelhak Senhadji [pdf]