Fiscal Rebalancing, Public Debt, and its National and Global Implications

The Magyar Nemzeti Bank (MNB), in collaboration with the Centre for Economic Policy Research (CEPR), will hold its tenth Workshop on Macroeconomic Policy Research in Budapest on September 15-16, 2011. Topics of the 2011 meeting include:
1) Public debt and the process of fiscal rebalancing:
- Sustainability considerations of public debt
- Debt consolidation in times of recessions
2) Fiscal Policy in a Globalized World
- Relation of fiscal debt and external debt
- The role of foreign currency debt in external financing
- Sovereign debt and the role of the public sector in country risk premia
- Twin deficits
3) Microeconomic aspects of public debt
- Optimal mix of tax and spending measure in fiscal stimulus
- Ways of financing public expenditure