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Revisiting the Latvian and Greek financial crises : the benefits of front-loading Fiscal adjustment
Åslund, Anders - 2015
This paper discusses why Greece has done so poorly in comparison with all other European Union countries since the … onslaught of the global financial crisis in 2008. To show what was wrong with its fiscal adjustment, this paper compares Greece …, notably Nobel Prize winner and New York Times columnist Paul Krugman, who claimed that Greece suffered from austerity. Because …
Persistent link: https://www.econbiz.de/10010530650
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A comprehensive approach to the euro-area debt crisis
Darvas, Zsolt M.; Pisani-Ferry, Jean; Sapir, André - 2011
focusing on the current situation of Greece, Ireland, Portugal and Spain. -- fiscal sustainability ; euro-area crisis …
Persistent link: https://www.econbiz.de/10008904677
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These little PIIGS went to market : enterprise policy and divergent eecovery in European periphery
Brazys, Samuel; Regan, Aidan - 2015
Persistent link: https://www.econbiz.de/10011416241
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Austerity in the European periphery : the Irish experience
Hardiman, Niamh; Blavoukos, Spyros; Avellaneda, … - 2016
Persistent link: https://www.econbiz.de/10011502556
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Sovereign debt and structural reforms
Müller, Andreas; Storesletten, Kjetil; Zilibotti, Fabrizio - 2015
Persistent link: https://www.econbiz.de/10011289247
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Fiscal austerity and migration : a missing link
Bandeira, Guillherme; Caballé, Jordi; Vella, Eugenia - 2019
Persistent link: https://www.econbiz.de/10012005320
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Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies in the Euro area
Truger, Achim - 2014
Fiscal policy in the Euro area is still dominated by austerity measures implemented under the institutional setting of the 'reformed' stability and growth pact, and the even stricter 'fiscal compact'. At the same time, calls for a more expansionary fiscal policy to overcome the economic crisis...
Persistent link: https://www.econbiz.de/10010424293
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Macroeconomic effects of fiscal adjustment : a tale of two approaches
Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - 2013
We investigate the short-term effects of fiscal adjustment on economic activity in 20 OECD countries from 1970 to 2009. We compare two approaches: the traditional approach based on changes in cyclically adjusted primary balance (CAPB) and the narrative approach based on historical records....
Persistent link: https://www.econbiz.de/10010126403
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What did they expect? : lessons for Europe from a retrospective ex-ante evaluation of the first Greek bail-out programme
Theodoropoulou, Sotiria; Watt, Andrew - 2012
Persistent link: https://www.econbiz.de/10009703758