Fiscal consolidation, growth and unemployment in OECD Countries

Please note: this event has been CANCELLED

Wed 1 March 2017

Mill Lane Lecture Rooms

Fiscal consolidation has received a great attention especially in the aftermath of the substantial rise in deficits and debt of a number of countries caused by the 2007–2009 global economic and financial crisis. Since the outburst of the crisis, the OECD countries have been witnessing a worrying upsurge in unemployment as well as an unprecedented degree of dispersion of unemployment rates. In response to these worrisome developments, virtually country economies face the challenge of fiscal consolidation —tax hikes and/or government spending cuts. In this content, the seminar will discuss arising some important questions in the mind: What should be the scale of the fiscal adjustments? Is it possible to have the best combination of successful retrenchments, no output and employment loser, better still, growth and employment creation? What drives a successful fiscal consolidation?

Dr. Ay?e Kaya is an associate professor of public finance at Izmir Katip Çelebi University, located ?zmir province of Turkey. Her research interests are in public finance, public economics, and fiscal policy. She has recently co-authored some papers which have been published in the international journals. At present she is a visiting researcher at Department of Land Economy.

Cost: free