Showing 1 - 10 of 11,247
Persistent link: https://www.econbiz.de/10010231561
Persistent link: https://www.econbiz.de/10012547582
Persistent link: https://www.econbiz.de/10012619360
swaps (CDS) for a panel of 36 countries including the Eurozone. We find that austerity practice generally leads to an … of fiscal austerity and growth prospects along with other macro fundamentals on the pricing of sovereign credit default …
Persistent link: https://www.econbiz.de/10013062276
consolidation and explains why austerity is so fiercely advocated by both core and periphery governments. The main reasons for the … governments, in cooperation with the European Commission, the ECB and the IMF, based on further austerity and wage cuts aggravate … to its disintegration. Considering the debt crisis as a problem of the PIIGS (Portugal, Ireland, Italy, Greece, Spain …
Persistent link: https://www.econbiz.de/10011515832
Identifying fiscal multipliers is usually constrained by the absence of a counterfactual scenario. Our new data set allows overcoming this problem by making use of the fact that recommendations under the EU's excessive deficit procedure (EDP) provide both a baseline no-policy-change scenario and...
Persistent link: https://www.econbiz.de/10011856496
This article narrates Ireland’s recent odyssey from the pride and envy of Europe to kneeling supplicant through the eyes of an econometric model of the government bond market. The exercise suggests that, in essence, two developments triggered and propelled Ireland’s drift towards sovereign...
Persistent link: https://www.econbiz.de/10010228470
Persistent link: https://www.econbiz.de/10010243595
Persistent link: https://www.econbiz.de/10011733545
the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity … closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to …, a reasonable approximation of the size of the output losses due to fiscal austerity in the euro area during 2011-2013 is …
Persistent link: https://www.econbiz.de/10011778844