Strengthening the credibility of public finances
As the world strives to bring COVID-19 under control, fiscal policy remains key to addressing the impacts of the still-evolving pandemic. The Peterson Institute for International Economics (PIIE) hosted a discussion on the International Monetary Fund's October Fiscal Monitor study on "Strengthening the credibility of public finances," with presentations by Paolo Mauro, deputy director of IMF's Fiscal Affairs Department, and Raphael Espinoza, the study's lead author. With global public debt at a historic high, the study explains how governments can design their medium-term fiscal frameworks and communicate their commitment to sustainable fiscal policies to investors and the public at large.
A Q&A and discussion with the audience moderated by Karen Dynan, PIIE nonresident senior fellow and professor of the practice in Harvard University's economics department, followed.
- Raphael Espinoza, Deputy Division Chief, Fiscal Affairs Department, International Monetary Fund
- Paolo Mauro, Deputy Director, Fiscal Affairs Department, International Monetary Fund