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Taming the Deficit: Saving Our Children from Themselves
Baker, Dean; Rosnick, David - Center for Economic and Policy Research (CEPR) - 2009
Many proponents of conservative fiscal policies talk of the budget deficit as being a matter of intergenerational equality. However, this paper shows the younger generations (and those yet to be born) will contribute more to the deficit than older generations. This analysis uses data from the...
Persistent link: https://www.econbiz.de/10008545824
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The Myth of Expansionary Fiscal Austerity
Baker, Dean - Center for Economic and Policy Research (CEPR) - 2010
Recently governments, economists, and international financial institutions have been debating the merits of further fiscal stimulus to combat the Great Recession versus fiscal austerity or “adjustment” – that is, higher taxes and/or lower government spending – to combat budget deficits....
Persistent link: https://www.econbiz.de/10008671782
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Feel No Pain: Why a Deficit in Times of High Unemployment is Not a Burden
Baker, Dean - Center for Economic and Policy Research (CEPR) - 2010
With the economy suffering from near double-digit unemployment, public debate is dominated by concerns over the budget deficit and national debt. This discussion is unfortunate both because there is no reason for people to be concerned about the deficit at present, and more importantly, because...
Persistent link: https://www.econbiz.de/10008678193
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The Budget Deficit Scare Story and the Great Recession
Baker, Dean - Center for Economic and Policy Research (CEPR) - 2010
The Great Recession has left tens of millions of families facing unemployment, underemployment and the threat of losing their home. However,concerns over the deficit threaten to derail efforts to turn around the economy and spur employment. This report attempts to correct many of the...
Persistent link: https://www.econbiz.de/10008563396
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The Monetary Origins of the Price Revolution' Before the Influx of Spanish-American Treasure: the South German Silver-Copper Trades, Merchant-Banking, and Venetian Commerce, 1470-1...
Munro, John H. - University of Toronto, Department of Economics - 1999
sustained inflation (c.1520 - c.1640) commonly known as the Price Revolution'; and in particular it provides an answer to the … economists and historians had attributed this sustained European inflation to the influx of Spanish-American treasure', chiefly … historians pointed out that European inflation had commenced as early as the 1520s, some three decades before any substantial …
Persistent link: https://www.econbiz.de/10005704807
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Italy and the Euro Area Crisis: Securing Fiscal Sustainability and Financial Stability
Denk, Oliver - Economics Department, Organisation de Coopération et … - 2013
Italy’s policy of fiscal consolidation and growth-friendly structural reforms has substantially improved its economic prospects, but the adverse sentiment that the country has faced in the sovereign bond market over the past years has deep roots. It reflects lingering anxieties over the euro...
Persistent link: https://www.econbiz.de/10011276838
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Fiscal consolidation by austerity and EU surveillance policies
Iancu, Aurel; Olteanu, Dan - 2015
After a brief introduction dealing with critical opinions of some economists on the European austerity policy, the authors point out that austerity as a means of achieving fiscal consolidation and financial stability is applied when the fiscal domain is weak. After analyzing the effects of the...
Persistent link: https://www.econbiz.de/10011576575
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Fiscal Scenario of the State of Uttar Pradesh
Aziz, Ghazala - 2010
Uttar Pradesh most populous State experienced almost the same pattern of fiscal deterioration as did the other States. In the beginning of the nineties all the fiscal parameters were showing the deficit of significant magnitude. As there was no effort on the part of the State such imbalances...
Persistent link: https://www.econbiz.de/10013148431
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The political economy of public investment and public finance: challenges for social democratic policies
Moudud, Jamee K.; Martinez-Hernandez, Francisco - In: Review of Keynesian Economics 2 (2014) 3, pp. 333-364
The ‘comprehensive socialization of investment’ was a key policy goal of The General Theory. And yet, empirically, we have seen a decline in the public investment share in most OECD countries since the economic crisis of the 1970s. In this paper we study several issues concerning...
Persistent link: https://www.econbiz.de/10011133438
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Do fiscal rules matter? : a survey on recent evidence
Brändle, Thomas; Elsener, Marc - 2023
Fiscal rules are argued to be important for sound and sustainable fiscal policies and have been increasingly adopted over the last 20 years. However, as increased fiscal pressure and fiscal risks urge countries to address the public debt legacy left by recent economic crises, fiscal rules come...
Persistent link: https://www.econbiz.de/10014343085