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Früher einmal ein überzeugter Anhänger des Euro fürchte ich nun, dass uns der Euro zur Übernahme von Schulden … verurteilt, die andere Staaten verursacht haben. Denn mit dem Euro-Schutzschild wurde aus einer Wettbewerbsgemeinschaft eine … proklamierte Ausspruch "Scheitert der Euro, scheitert Europa" ist nicht nur falsch, sondern auch leichtsinnig und verantwortungslos …
Persistent link: https://www.econbiz.de/10010417029
The Spanish debt consolidation between 1996 and 2007 represents, by its size and duration, an impressive case among the European Union countries. This paper aims at characterizing the Spanish debt consolidation process in order to assess its effects on economic inequality and welfare. For that...
Persistent link: https://www.econbiz.de/10011417950
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...
Persistent link: https://www.econbiz.de/10011504504
This article is dedicated to a study of the relations between the economy and the size of the general government sector. The main aim of the article is an identification of the most important variables that are used to determine relations between the economy and size of the sector, as well as to...
Persistent link: https://www.econbiz.de/10011455318
The issue of whether public debt is useful or harmful towards economic growth is one of the most prevailing debates in the literature with no consensus existing on the subject matter. The study employs the ARDL model to examine the long-run and short-run effects of public debt on economic growth...
Persistent link: https://www.econbiz.de/10012023934
Bruttoinlandsprodukts liegt. Zudem würde eine höhere Verschuldung das Angebot an sicheren öffentlichen Schuldtiteln und damit das …
Persistent link: https://www.econbiz.de/10012120209
The paper discusses the impact of austerity policy on economic performance in the eurozone countries after the global crisis that occurred in 2007-08. The undertaken fiscal consolidation efforts to cut government expenditure and increase government taxes which begun in 2010, aimed to return...
Persistent link: https://www.econbiz.de/10012104382
This paper reverses the relatively frequent examined interrelation that links an impact of the public sector (and within it the general government sector) on the economy of the analyzed countries. The article analyses whether the size of the general government sector is a function of the economy...
Persistent link: https://www.econbiz.de/10011616793
The aim of the research work was to analyze the implementation of a new methodology in the framework of the European System of Regional and National Accounts ESA 2010. In order to achieve the objective author: i) described the need for a methodology for measuring the economy; ii) discussed the...
Persistent link: https://www.econbiz.de/10011308617
prerequisite for sustainable growth. Expectations about higher growth in euro area periphery countries as a result from fiscal …
Persistent link: https://www.econbiz.de/10011285715