Studies on Fiscal Policy in Times of High Debt

Dear Colleagues,

Fiscal policy plays a crucial role in addressing the economic challenges posed by high debt levels, a pressing issue in today’s global economy. The sustainability of public finances, economic stability, and social equity are shaped by factors such as fiscal rules, debt management strategies, the effectiveness of taxation systems, public expenditure efficiency, and institutional frameworks. Moreover, the impact of fiscal policy may vary depending on a country’s economic, political, and social context, as well as external influences, such as global financial conditions, geopolitical tensions, and climate risks.

This Special Issue aims to deepen understanding of fiscal policy in high-debt environments, offering innovative approaches to balancing economic growth with debt sustainability. Some topics for this Special Issue, though not limited to these, include the design and effectiveness of fiscal rules, the role of fiscal multipliers in indebted economies, strategies for public debt management and reduction, the interplay between fiscal and monetary policies, the distributional effects of fiscal measures, and the challenges of financing sustainable public investments during periods of fiscal stress. Additionally, research on fiscal consolidation, cross-country comparative studies, and the implications of global economic trends is welcome, providing valuable insights for policymakers, academics, and researchers. Papers may be theoretical or empirical, employing approaches such as case studies, comparative analyses, theoretical frameworks, or empirical investigations, among others.

Prof. Dr. Gabriela Dobrotă
Guest Editor

Manuscript Submission Information

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