5.6.2014: Fiscal Consolidation and Growth
Alberto Alesina von der Harvard University zu Gast bei den Wirtschaftspolitischen Gesprächen
The need to bring down public debt poses difficult choices about the size and nature of productive and redistributive government activity. Should spending be cut or taxes be raised? Which strategy yields more long-lasting effects? How can fiscal consolidation be combined with growth enhancing policies to help the nation grow out of its debt? What are the intergenerational consequences of fiscal consolidation? How can consolidation policies be explained to voters? Will debt brakes and the fiscal compact be enough to prevent a renewed trend towards higher debt in the future?
Welcome Address
- Christoph Leitl
President of the Austrian Federal Economic Chamber, WKO
Panel
- Alberto Alesina
Harvard University - Bernhard Felderer
President of the Fiscal Advisory Council - Harald Waiglein
Austrian Ministry of Finance
Moderation
- Christian Keuschnigg
Director of IHS and Professor at the University St. Gallen