Conclusion: institutional architecture must:
1. Allow coordination of monetary and fiscal policy.
2. Separate institutions that do and don't face political risk; public investment projects that don't require tax subsidy should be outside fiscal rules.
progressiveeconomyforum.com/publications...
Dr Rob Calvert Jump (University of Greenwich) and Professor Jo Michell (UWE Bristol) It is widely understood that the UK’s fiscal framework is unfit for purpose. As Gemma Tetlow, writing for the Insti...
