Vacatures in Fiscaal Recht

The case for fiscal stablilization in a low interest rate environment

Bron: Klaas Knot, DNB - 11 juni 2021

In his Witteveen lecture at the Erasmus School of Economics today Klaas Knot argued for a greater role of fiscal policy to stabilize the economy in the current low interest rate environment. He pointed out that the current fiscal framework in the EMU, despite its merits, is not well equipped to deliver that. “In order to make our monetary union more stable, we need a fiscal framework that enhances coordination between member states and allows for a better alignment of monetary and fiscal policy over the entire economic cycle.”, he said.

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