The impact of the 2008 financial crisis led to the imposition of severe ‘crisis measures’ focused on alleviating budget deficits at all levels of Spanish government. In this context, the central government sought to restrict regional and local government spending. One of the key mechanisms...

Die Coronapandemie hat die Bundesregierung vor bis dahin ungekannte Herausforderungen gestellt. Unter hoher Unsicherheit musste sie in kurzer Zeit wichtige Entscheidungen zur Stabilisierung der deutschen Volkswirtschaft fällen, um den gleichzeitigen Angebots- und Nachfrageschock abzufedern....

In reaction to disruptions of the Single Market, the European Commission put forward an emergency instrument. It proposes far-reaching measures in order to maintain the proper functioning of the Single Market and ensure the supply and distribution of goods and services. The dirigiste...

In the debate about a possible exit of Greece from the euro area, Argentina is often referred to as an example–both by those in favour of and those warning of the adverse effects of a Grexit. Yet, while Argentina pulled off an impressive economic recovery after its 2001-02 crisis–one that...

The fiscal policy response to the consequences of the financial and economic crisis consisted either in adopting expansionary policies to stimulate the aggregate demand, or in promoting fiscal consolidation programs designed to restore the sustainability of the public finances. This paper...

Die wirtschaftliche Dynamik Deutschlands bleibt hinter dem Durchschnitt des Euro- Währungsgebietes zurück. Problematisch erscheint dabei vor allem die längerfristige Wachstumsschwäche der deutschen Wirtschaft, die sich insbesondere an der schwachen Entwicklung des privaten Konsums und der...