This study assesses the potential macroeconomic impact of the stimulus and the structural reforms supported by the Recovery and Resilience Facility (RRF) on the Greek economy. The set-up is a Dynamic Stochastic General Equilibrium (DSGE) model that is augmented to account for the main features...

When Roosevelt abandoned the gold standard in April 1933, he converted government debt from a tax-backed claim to gold to a claim to dollars, opening the door to unbacked fiscal expansion. Roosevelt followed a state-contingent fiscal rule that ran nominal-debt-financed primary deficits until the...

During the 1980s Britain became one of the world's most market-oriented economies, an approach which resulted in three severe recessions and a deepening degree of inequality. This book argues that a rebalancing of the economy will remain elusive until proactive policies are implemented at the...

This collection of essays examines the case for and against globalization, the effects of U.S. economic and foreign policy, and numerous issues related to Asian economics and politics. Published in prominent journals and news media between 1996 and 2001, these cross-cutting essays are as...

1. The emergence of neo-liberalism in Latin America : situating the Argentine experience -- 2. State performance and institutional capacity in development -- 3. The Argentine crisis : what happened? -- 4. Stabilization in 2002 : stopping the free fall into poverty -- 5. Electing a new government...

Den Deutschen steigt das vermeintliche "neue Wirtschaftswunder" zu Kopf, so Olaf Gersemann, Ressortleiter Wirtschaft und Finanzen bei der Tageszeitung "Die Welt". Wir überschätzen unsere Kraft bei weitem und übersehen dabei unsere Anfälligkeit für neue Krisen. Selbstgefällig verklären wir...