event
Vilfredo Pareto Research Seminar
Tuesday
10
November
Little girl camera

Fiscal Stagnation

Luca Fornaro (Universitat Pompeu Fabra)
, -

Geneva Graduate Institute, Maison de la paix, Room S5

As part of the Vilfredo Pareto Research Seminar series, the International Economics Department at the Geneva Graduate Institute is pleased to invite you to a public talk given by Luca Fornaro.

Add to Calendar
Add to calendar

Fiscal Stagnation

We study public debt sustainability in an economy with endogenous productivity growth. Our model has two key features: i) financing large primary surpluses entails fiscal distortions that depress investment and growth, ii) low growth increases the primary surpluses needed to stabilize the public debt-to-GDP ratio. Negative shocks to fundamentals or pessimistic animal spirits may drive the economy into a state of fiscal stagnation, characterized by high public debt, large fiscal distortions and low productivity growth. We discuss policy options to avoid/escape fiscal stagnation.

Disclaimer

This event may be filmed, recorded and/or photographed on behalf of the Geneva Graduate Institute. The Institute may use these recordings and photographs for internal and external communications for information, teaching and research purposes, and/or promotion and illustration through its various media channels (website, social media, newsletters).

By participating in this event, you are agreeing to the possibility of appearing in the aforementioned films, recordings and photographs, and their subsequent use by the Institute.

Your personal data is collected only for the organisation of this event.

For further information, please consult our privacy policy, our FAQ or contact us directly: events@graduateinstitute.ch.