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A Comprehensive Approach to the Euro-Area Debt Crisis
Darvas, Zsolt; Pisani-Ferry, Jean; Sapir, André - 2011
focusing on the current situation of Greece, Ireland, Portugal and Spain. …
Persistent link: https://www.econbiz.de/10010494465
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A comprehensive approach to the euro-area debt crisis: Background calculations
Darvas, Zsolt; Gouardo, Christophe; Pisani-Ferry, Jean; … - 2011
This background paper describes in detail the assumptions and calculations behind the results presented in Zsolt Darvas, Jean Pisani-Ferry and André Sapir 'A comprehensive approach to the euro-area debt crisis', Bruegel Policy Brief No 2011/02, February 2011. An assessment of the results and...
Persistent link: https://www.econbiz.de/10010317330
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Fiscal policy rules in practice
Thams, Andreas - 2007
This paper analyzes German and Spanish fiscal policy using simple policy rules. We choose Germany and Spain, as both are Member States in the European Monetary Union (EMU) and underwent considerable increases in public debt in the early 1990s.We focus on the question, how fiscal policy behaves...
Persistent link: https://www.econbiz.de/10010263682
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Fiscal consolidation strategy
Cogan, John F.; Taylor, John B.; Wieland, Volker; … - 2012
In the aftermath of the global financial crisis and great recession, many countries face substantial deficits and growing debts. In the United States, federal government outlays as a ratio to GDP rose substantially from about 19.5 percent before the crisis to over 24 percent after the crisis. In...
Persistent link: https://www.econbiz.de/10010311794
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Major public debt reductions: Lessons from the past, lessons for the future
Nickel, Christiane; Rother, Philipp; Zimmermann, Lilli - 2010
The financial crisis of 2008/2009 has left European economies with a sizeable public debt stock bringing back the question what factors help to reduce these fiscal imbalances. Using data for the period 1985-2009 this paper identifies factors determining major public debt reductions. On average,...
Persistent link: https://www.econbiz.de/10011605287
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Why Germany needs structural reform
Wurzel, Eckhard - In: CESifo Forum 06 (2005) 4, pp. 28-32
Persistent link: https://www.econbiz.de/10011695821
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Explodierende Staatsschulden, drohende Staatsbankrotte: Was kommt auf uns zu?
Blankart, Charles B.; Fasten, Erik R.; Kämmerer, Jörn Axel - In: ifo Schnelldienst 63 (2010) 04, pp. 3-23
immer bei der Selbstverantwortung der Staaten der Eurogruppe für ihre Wirtschaftspolitik, finanzielle Solidaritätsmaßnahmen … hochverschuldete Länder, wie z.B. Griechenland, selbst einen Weg finden müssen, ihre Staatsfinanzen zu konsolidieren. …
Persistent link: https://www.econbiz.de/10011693008
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Ist Griechenland noch zu retten? Und der Euro?
Boysen-Hogrefe, Jens - 2010
wirtschaftliche Stabilität des gesamten Währungsraums bedroht haben. Die Zuspitzung der Krise hat ihren Ausgangspunkt in Griechenland … für das gebeutelte Griechenland grundsätzlich zu begrüßen. Die jüngste Zuspitzung hat nochmals offensichtlich gemacht … dem Ausschluss einzelner Länder aus dem Währungsraum. Die Ausgestaltung des Rettungs- und Sparprogramms für Griechenland …
Persistent link: https://www.econbiz.de/10010313143
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Fiscal consolidation in the euro area: long-run benefits and short-run costs.
Coenen, Günter; Mohr, Matthias; Straub, Roland - 2008
In this paper, we examine the macroeconomic effects of alternative fiscal consolidation policies in the New Area-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al., 2007). We model fiscal consolidation as a permanent...
Persistent link: https://www.econbiz.de/10011604948
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The end of austerity?
Monastiriotis, Vassilis - In: Intereconomics 50 (2015) 1, pp. 2-3
Persistent link: https://www.econbiz.de/10011282635