Policy portal Public Finance
As we feel the limits of our planet, governments must mobilise their regulatory toolkit and all the public resources required for the sustainable transition, to ensure economic resilience and the prosperity of future generations. This means upgrading infrastructure, health and educational systems and supporting the citizens affected by the economic transition.
Public deficits will likely increase, but paradoxically, they are indispensable for public debt sustainability in the long run, and financial markets know it. Public money is required to crowd in private investment and a failure to invest will result in much bigger future fiscal imbalances due to unmitigated climate change and loss of economic and social resilience.
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17 PUBLICATIONS
One Framework to Rule Them All
Navigating the Maze
Reshaping the European Fiscal Framework – English language letter
10 Principles for a Sustainable Recovery
Policy brief: Debt sustainability and a sustainable Covid recovery
Speech to ECB on “Financial integration and stability”
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