Monetary and Financial Stability (BIS)

Fiscal policy and its implications for monetary and financial stability by BIS. The BIS 10th Annual Conference took place in Lucerne, Switzerland. The event brought together senior representatives of central banks and academic institutions, who exchanged views on the conference theme of “Fiscal policy and its implications for monetary and financial stability”. This volume contains the opening address of Stephen Cecchetti (Economic Adviser, BIS), a keynote address from Martin Feldstein (Harvard University), and the contrbutions of the policy panel on “Fiscal policy sustainability and implications for monetary and financial stability”.