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This 2013 Article IV Consultation highlights that on the back of new policy framework, growth in Japan accelerated sharply in early 2013. First quarter GDP growth rose to 4.1 percent (seasonally adjusted annual rate) after two quarters of stagnation. Rising equity values stimulated consumption,...
Persistent link: https://www.econbiz.de/10011244552
We have chosen to adopt an interdisciplinary approach to debt, leading to a transdisciplinary analysis of sovereign debt. Disciplinary fields as varied as logic, accounting, finance, psychology, geopolitics, economics, statistics, ethics, rhetoric and political discourse analysis are mobilised...
Persistent link: https://www.econbiz.de/10010669854
The paper argues that the Greek debt crisis, as well as those of other Southern European countries and Ireland, has to be seen in macroeconomic context. The sum of the public sector balance, the (domestic) private sector balance and the current account deficit (or equivalently: the capital...
Persistent link: https://www.econbiz.de/10010670267
Seit Ausbruch der Finanz- und Wirtschaftskrise ist weltweit ein enormer Anstieg staatlicher Defizite und Schuldenstände … hochverschuldete Länder, wie z.B. Griechenland, selbst einen Weg finden müssen, ihre Staatsfinanzen zu konsolidieren. …
Persistent link: https://www.econbiz.de/10008534395
In this paper, we study the interaction between monetary and fiscal poli- cies from the perspective of global analysis in a non-Ricardian economy with capital and a zero bound on the nominal interest rate. We demonstrate in this framework the possible coexistence of four steady state equilibria,...
Persistent link: https://www.econbiz.de/10010635711
argued that government spending intended to maintain stability, avoid deflation, and stimulate the economy leads to …
Persistent link: https://www.econbiz.de/10009151297
public debt and deflation, while failing to correct intra-Eurozone balance of payments disequilibria. A new macroeconomic …This article reviews internal and external balance policy issues in the Eurozone. The Swan diagram is used as a … Eurozone countries. A critical assessment is provided of using unit labour costs as an indicator of external competitiveness …
Persistent link: https://www.econbiz.de/10011108817
Portugal's program implementation is on track despite difficult economic conditions and significant legal challenges. The markedly weaker economic outlook provides a strong case for recalibrating the program’s fiscal targets. This strong adjustment effort needs to be consolidated by...
Persistent link: https://www.econbiz.de/10011242946
The Eurozone crisis mobilises an appreciable amount of the attention of politicians and the public, with calls for a …
Persistent link: https://www.econbiz.de/10010556699
Seit der Finanz- und Wirtschaftskrise ist die Staatsverschuldung einiger Euroländer so stark gestiegen wie nie zuvor …? Stefan Homburg, Universität Hannover, ist skeptisch. Seiner Ansicht nach steckt die Eurozone in einer Zwickmühle. Etliche … Wirtschaftswachstum in Südeuropa, das aber unrealistisch sei. Wer die Lage der Eurozone nüchtern betrachte, müsse angesichts der Zunahme …
Persistent link: https://www.econbiz.de/10010948770