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Challenging the Raison d'etre of internal devaluation in the context of the Greek economy
Alexiou, Constantinos; Nellis, Joseph G. - In: Panoeconomicus 60 (2013) 6, pp. 813-836
Persistent link: https://www.econbiz.de/10010341628
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Product specialisation, global competition, and industrial decline : Portugal's path to crisis
Stadheim, Victoria - In: Competition & change : the journal of global business … 27 (2023) 5, pp. 770-789
Persistent link: https://www.econbiz.de/10014435275
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Current account imbalances in the EMU : an assessment of official policy responses
Dodig, Nina; Herr, Hansjörg - In: Panoeconomicus 62 (2015) 2, pp. 193-216
Persistent link: https://www.econbiz.de/10011297631
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The Greek sovereign debt : are there really any options?
Papanikos, Grēgorēs Th. - In: Romanian journal of fiscal policy : RJFP 5 (2014) 2, pp. 1-25
Debt Overhang is a controversial issue in the eurozone countries and is considered as one of the factors which created … austerity measures (c) restructuring through negotiating and (d) a tax on wealth to pay for the debt. Optimal options depend on …
Persistent link: https://www.econbiz.de/10010492731
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The impact of public investment on private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - In: Vierteljahrshefte zur Wirtschaftsforschung 84 (2015) 3, pp. 183-193
This paper explores the long-term relationship between public and private investment in the euro area. A stock-flow approach is proposed to control for the integration properties of the variables. Panel econometric techniques including international spillovers are employed. Private and public...
Persistent link: https://www.econbiz.de/10011498378
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A comparative analysis of fiscal policy changes in selected European Union countries outside the eurozone
Szymańska, Agata - In: Comparative economic research : Central and Eastern Europe 22 (2019) 3, pp. 131-143
outside the Eurozone: Bulgaria, the Czech Republic, Croatia, Hungary, Poland and Romania. The analysis covers the period from …
Persistent link: https://www.econbiz.de/10012120265
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Austerity measures amplified crisis in Spain, Portugal, and Italy
Engler, Philipp; Klein, Mathias - In: DIW economic bulletin 7 (2017) 8, pp. 89-93
austerity policy also appears to have had a negative impact on productivity, neutralizing the beneficial effects of structural … reforms. Contrary to widespread opinion, the lack of structural reforms was not the key reason for the austerity policy …, mild austerity measures, and if possible, budget reallocation in favor of investment. …
Persistent link: https://www.econbiz.de/10011607711
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Investment and the golden rule in the European Union
Marinescu, Ada Cristina - In: Financial studies 22 (2018) 1, pp. 53-63
We will study in this paper the relation between public investment, public debt and fiscal rules in the European Union countries. The strict fiscal rules imposed by EU have negatively affected the investments. The decline in public investment in European Union is related to the fiscal rules...
Persistent link: https://www.econbiz.de/10011964940
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Which is the optimal fiscal rule in a monetary union? : targeting the structural, the global budgetary deficit, or the public debt?
Menguy, Séverine - In: Cogent economics & finance 2 (2014) 1, pp. 2-20
The aim of our paper is to contribute to the debate on optimal fiscal rules in a monetary union: in terms of global budgetary deficit, of structural budgetary deficit, or of public debt. Indeed, these rules seem to be mixed in the framework of the European Economic and Monetary Union, with the...
Persistent link: https://www.econbiz.de/10010482338
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Impact of fiscal institutions on public finances in the European Union : review of evidence in the empirical literature
Gorčák, Martin; Šaroch, Stanislav - In: Národohospodářský obzor : časopis věnovaný … 21 (2021) 2, pp. 215-232
This paper examines the impact of budgetary institutions on public finances in the European Union on the basis of a critical survey of the relevant theoretical and empirical literature. In general, the authors find that fiscal institutions (namely fiscal rules) have successfully contributed to...
Persistent link: https://www.econbiz.de/10012598898