In his letter to US President Franklin D. Roosevelt Keynes (1933) wrote about "the technique of recovery itself". An … increase in output is brought about by an increase in purchasing power, Keynes argues, which can come from three sectors …: increases in debt of the respective sectors as defined by Keynes. A fourth technique, an increase in spending by the rest of the …

growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted. …

solution, and the recurrent EU proclamations of "policies to restore European growth", the crisis in the EZ looks more and more … periphery countries, but surely they will drive Euro Area as a whole to stagnation and lost decades of economic growth, if not …

This paper proposes an alternative stability and growth pact to the one which accompanied the introduction of the euro … join. The alternative proposed in this paper is a Full Employment, Growth and Stability Pact and would have a number of … investment bank …

In 2007, countries in the euro periphery were enjoying stable growth, low deficits and low spreads. Then the financial … reallocated from the private to the public sector, reducing investment and deepening the recession even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …

In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial … reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …