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. Using a Eurozone case study, the article discusses the nexus between competitiveness and the trade balance. Secondly, the … overthrown, and finally, the article overturns the argument that austerity works. …
Persistent link: https://www.econbiz.de/10011118556
This paper offers a comprehensive review of macroeconomic policy in democratic South Africa. It does so with two distinctive features. First, macroeconomic policy is analysed on four interlocking, and sometimes conflicting, levels: [1] policy as provided “on paper” in government plans and...
Persistent link: https://www.econbiz.de/10011107302
This paper examines the potential role for foreign official holdings of U.S. Treasury securities and the associated implications for Treasury security interest rates, international portfolio allocations, net international income flows, and the U.S. net international debt position, using a...
Persistent link: https://www.econbiz.de/10008534545
The paper presents an analysis of (Italian region) Sicilia’s financial flows using data from Regional Public Accounts. The paper is divided into two main parts. The first part of the work considers financial flows as a whole. The second part considers more in detail expenditure and revenue...
Persistent link: https://www.econbiz.de/10008578240
In our view, the causes of the crisis are tied to the political change towards a Neoliberal phase from the 1970s on: a wide process of “deregulation” – from the labour market to the globalisation of production, from the national to the international finance – has allowed a partial...
Persistent link: https://www.econbiz.de/10011258120
problems in the Social Security and Medicare programs, have triggered a one-sided austerity-focused class war in the US …-sector austerity - severe cuts at all levels of government in spending that either supports the poor and the middle class or funds …, rising inequality and rising deficits. Rising deficits in turn created demands for austerity. After tracing the long …
Persistent link: https://www.econbiz.de/10009203627
Using discourse analysis, this paper offers an in-depth investigation of the discourse of key European and international newspapers on the Greek economic crisis. The aim is to analyse the way in which the issue of Greek economic crisis emerged in the public discourse of different countries and...
Persistent link: https://www.econbiz.de/10011260135
In this paper we examine the extent of time-varying correlations between stock markets returns and policy uncertainty based on a newly introduced uncertainty index by Baker et al. (2012). We identify several empirical regularities: (1) the dynamic correlations of policy uncertainty and stock...
Persistent link: https://www.econbiz.de/10011107443
We conduct empirical analysis on examining the changes in exchange rate volatility under two monetary policy regimes, i.e. the pre- and post- inflation targeting (IT) regimes. In addition, we also investigate if the monetary decisions can have impacts on the volatility of exchange rate. The...
Persistent link: https://www.econbiz.de/10011107821
This paper uses the gap between the level of an economy’s well-being and that of a people’s well-being as a measure of the overall economic ill-being in a society. In particular, it argues that such disparity is measurable using objective measures of and subjective measures for inflation and...
Persistent link: https://www.econbiz.de/10011109638