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austerity measures taken in developing nations since the 1970s. …
Persistent link: https://www.econbiz.de/10009223357
There is a widespread view that reducing national debts and deficits, or “consolidating” them, causes austerity or …
Persistent link: https://www.econbiz.de/10009353824
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
overthrown, and finally, the article overturns the argument that austerity works. …
Persistent link: https://www.econbiz.de/10011118556
This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate has to be lower than the real interest rate, a necessary assumption for Ricardian equivalence) and of the transversality condition for the GDP growth rate (i.e. the GDP growth...
Persistent link: https://www.econbiz.de/10011112700
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
States like Greece, Portugal, Ireland , Spain and Italy The advanced state debt are nothing more than a symptom of a lack of … expression in the demand on democratically elected governments to prevail unpopular austerity measures, even if they have to …
Persistent link: https://www.econbiz.de/10011212950
political economy perspective. The first section examines the general trends of taxation in Greece during the period 1995 …
Persistent link: https://www.econbiz.de/10011271689
secondarily at improving the effectiveness of the implemented policies. In that sense, the case of Greece, can be described as a …
Persistent link: https://www.econbiz.de/10011271693
Citizens of Southern Europe have been presented by the German media and politicians as lazy and work aversive. First, it is checked whether and to what extent those characterizations do reflect reality, and then, in view of the Greek economic crisis, it is shown that crises and not laziness...
Persistent link: https://www.econbiz.de/10011258684