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Jorge Braga de Macedo as an economic historian : the transition of the Portuguese economy from the authoritarian to the democratic period (1960-1979)
Amaral, Luciano - In: Economic globalization and governance : essays in honor …, (pp. 3-11). 2021
discusses four of Braga de Macedo’s pioneering articles and shows how these contributed to our current knowledge of three …
Persistent link: https://www.econbiz.de/10012310760
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A macro-stabilization function for the Euro area
Cavaco Silva, Aníbal A. - In: Economic globalization and governance : essays in honor …, (pp. 111-119). 2021
This chapter explores an institutional challenge still facing the European Monetary Union (EMU) after the Eurozone sovereign debt crisis. One of these is the absence of a centralized macroeconomic stabilization function to deal with possible asymmetrical shocks, in addition to the common...
Persistent link: https://www.econbiz.de/10012310788
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The peculiar first semester of 2012
Barbosa, António S. Pinto; Nunes, Luis C. - In: Economic globalization and governance : essays in honor …, (pp. 165-174). 2021
In 2011, Portugal was subjected to one of the most stringent austerity packages implemented during the Eurozone crisis …
Persistent link: https://www.econbiz.de/10012310813
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The Krugman-Macedo diagram revisited
Freitas, Miguel L. de; Faria-e-Castro, Miguel - In: Economic globalization and governance : essays in honor …, (pp. 175-197). 2021
We revisit the diagram developed by Krugman and Macedo (The economic consequences of the April 25th revolution, Krugman and Braga de Macedo, Economia III:435-483, 1979) to study the adjustment path of output and real wage gaps in a small open economy. Using time series data, we estimate...
Persistent link: https://www.econbiz.de/10012310823
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Notes on a peripheral economy
Krugman, Paul R. - In: Economic globalization and governance : essays in honor …, (pp. 199-206). 2021
This chapter provides some brief, informal notes about Portugal’s modern economic history since the 1974 Revolution, as … it looks to an outsider observer. Not to be too coy about it, Portugal has done better than many feared but not quite as … well as many hoped. There is, however, an asymmetry between the good news and the bad news. Portugal can claim much of the …
Persistent link: https://www.econbiz.de/10012310835