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Fiscal Policy Stance Reaction to the Financial/Economic Crisis in the EMU: The Case of Slovenia

Mencinger, Jernej; Aristovnik, Aleksander - Volkswirtschaftliche Fakultät, … - 2014

euro-area countries in the 2004–2012 period and compares those changes with fiscal policy measures introduced in Slovenia … expansionary in the period before the current economic crisis started. The evaluation of the fiscal stance in Slovenia suggests … Slovenia in 2011 and 2012 due to fiscal consolidation was more restrictive and pro-cyclical. Finally, we emphasize that …

Persistent link: https://www.econbiz.de/10011168471

Money as gold versus money as water

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2013

The rules of the Eurozone cause the euro to function as the gold standard. The US economy performs better in some respects, partly because of the advantages of fiat money. The treaty on the EMU has to be adapted in order not to become dependent upon current ad hoc measures, with the loss of...

Persistent link: https://www.econbiz.de/10011107257

Macroeconomic Aspects of Real Exchange Rate Volatility in the Central European Countries

Mirdala, Rajmund - Volkswirtschaftliche Fakultät, … - 2012

Exchange rate unexpected fluctuations determine economic development of countries the way quite similar to any other type of exogenous shocks. Unpredicted volatility in exchange rate short-run path affects macroeconomic performance the way that may be a subject of academic as well as economic...

Persistent link: https://www.econbiz.de/10011107290

When Capitalism no longer works - a Profit Warning

De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2012

Both the United States and the United Kingdom publish data on the balance sheet of Households and Non-profit organisations. Eurostat is studying the issue. The time series provide a unique tool to assess whether collectively the individual households are getting richer or poorer. They allow to...

Persistent link: https://www.econbiz.de/10011107559

The growing dichotomy between real and financial sectors

Roy Trivedi, Smita - Volkswirtschaftliche Fakultät, … - 2011

The paper contends that the economic growth process around the world has seen a growing dichotomy between real and financial sectors in the last four decades. There has been a marked stagnation in the real sector with falling growth and productivity levels, worsening physical investment and...

Persistent link: https://www.econbiz.de/10011107615

Air and Sea Transport: Competition Strategies Under Normal and Economic Crisis Environments

Rigas, Konstantinos; Sambracos, Evangelos; Gatzoli, … - Volkswirtschaftliche Fakultät, … - 2011

Air and sea passenger transport were generally considered as serving different market segments with little competition between them. Recent research has however shown that the existence of a deregulated operating framework can lead to improved competition between the two modes. This article aims...

Persistent link: https://www.econbiz.de/10011107676

Decoupling: Myth or Reality?

Bernhardt, Thomas - Volkswirtschaftliche Fakultät, … - 2010

When, in the mid-2000s, large parts of the global South experienced an impressive economic boom, the idea that a number of emerging market economies were “decoupling” from the industrialized economies in the North gained considerable prominence. The financial and economic crisis that...

Persistent link: https://www.econbiz.de/10011108190

Cause and cure of the crisis

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014

The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...

Persistent link: https://www.econbiz.de/10011108214

Winners or losers?: State measures in crisis management and the energy markets

Somosi, Sarolta - Volkswirtschaftliche Fakultät, … - 2012

Several studies have been made about the present global financial crisis that has affected real economy as well. We know the root causes and its consequences. However we found a sector that has not been examined comprehensively in inland studies on the ground of changing environment. It is worth...

Persistent link: https://www.econbiz.de/10011108344

World economy, economics and economic policy: what emerges after the crisis?

Sherstnev, Mikhail - Volkswirtschaftliche Fakultät, … - 2013

The paper analyzes the current discussions on the state of economics with special focus on the interrelationships between key ideas of economic theories and real actions of economic policy in the course of the global economic crisis. The global economic crisis showed the limited ability of...

Persistent link: https://www.econbiz.de/10011108422