financial sector misallocations arising from the Global Financial Crisis. A survey of fifty academic articles relating to both …

the aftermath of the global crisis started in 2008, affording special consideration to rules and institutions. Session 1 … analysed the experiences that took shape in individual states thanks to their own budget frameworks and institutions. Session 2 … and budget institutions. …

The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner … effectiveness of tackling the crisis with the different part of public budget. It also allows us to understand ways of increasing … growth, deflation, and weak public finances. …

The financial crisis revealed flaws in pre-crisis policy frameworks. Particular gaps included the failure of monetary … and financial policies to incorporate fully the implications of the rapid pro-cyclical growth in financial leverage and … manoeuvre in event of a crisis. During the crisis, the clear pre-crisis assignments of policy instruments to objectives became …

sovereign debt crises exposed the limited resilience of the euro area’s economic structures. Economic growth was masking … structural reform momentum increased notably in the second decade, particularly in those countries most hit by the crisis. The … strengthened national economic structures were supported by a reformed EU crisis and economic governance framework. However …

What is the role of economic institutions in the effectiveness of fiscal policy? This paper argues that the extent to … which fiscal policy affects long-term growth depends on how economically free a country enjoys. The authors use a sample of … spending, economic freedom and economic growth. The non-linear effect of fiscal policy on growth is investigated by extending …