Dependent Uncertainties and Governance

Kovács, O. (2013): Dependent Uncertainties and Governance. News of the Month, ICEG European Center, October 2013 pp. 4-10.

In this article we devote attention to uncertainties and their implications on governance, particularly on fiscal governance. We argue that a prone to high uncertainties is an embedded feature of our time and national fiscal governance should consolidate with a more systemic view to cope with indebtedness and dispiriting growth in medium and longer time.