e-journal

Institutions for Crisis Prevention: the Case of Switzerland

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The Swiss economy’s comparatively robust performance in the current economic crisis is partly the result of its characteristics, but public institutions also made Switzerland resilient. We focus here on institutions that foster sound public finances. The Swiss federal debt brake played a key role in keeping the federal debt in check; along with fiscal rules, institutions such as direct democracy and federalism counteract the biases that tend to make elected representatives less fiscally conservative than citizens. This leads to more well-targeted public expenditure and greater public efficiency and helps to avoid excessively high taxes. These features are beneficial in ordinary times, and they increase the scope of action in times of crisis.

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Informasi Detail

Judul Seri

Global Policy

No. Panggil

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Penerbit

Japan : Global Policy University of Durham and John Wiley & Sons, Ltd.., 2013

Deskripsi Fisik

Global Policy (2013) 4:Suppl. 1,pp; 10-21

Bahasa

English

ISBN/ISSN

doi: 10.1111/1758-58

Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

Volume 4 . Supplement 1 . July 2013

Subjek

Global Policy

Info Detail Spesifik

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Pernyataan Tanggungjawab

deliza

Versi lain/terkait

Lampiran Berkas

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