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Economic Policy in India : For Economic Stimulus, or for Austerity and Volatility?

Sen, Sunanda - 2015

The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at “price stability” in the neoliberal regime, fiscal policies were characterized by the objective of...

Persistent link: https://www.econbiz.de/10013033002

The short- and long-run inconsistency of the expansionary austerity theory : a post-Keynesian/evolutionist critique

Botta, Alberto - 2016

This paper provides a critical analysis of expansionary austerity theory (EAT). The focus is on the theoretical weaknesses of EAT-the extreme circumstances and fragile assumptions under which expansionary consolidations might actually take place. The paper presents a simple theoretical model...

Persistent link: https://www.econbiz.de/10011591477

Revisiting the public debt stability condition : rethinking the Domar condition

Yoshino, Naoyuki; Miyamoto, Hiroaki - 2020

the cases of Greece and Japan. …

Persistent link: https://www.econbiz.de/10012219884

Commentary. An Alternative Stability Pact for the European Union

Arestis, Philip; McCauley, Kevin; Sawyer, Malcolm C. - 2001

This paper proposes an alternative stability and growth pact to the one which accompanied the introduction of the euro in January 1999. The latter is part of the third stage of economic and monetary union and, will govern the economic policies of the member countries which have joined the single...

Persistent link: https://www.econbiz.de/10014140127

Keynesian dominance in crisis therapy

Spantig, Kristina - 2013

This paper scrutinizes the debate of Keynes and Hayek concerning the adequate re- sponse to economic crises from a historical perspective. In a first step the develop- ment of the Keynesian economic theory, its ascent during the Great Depression and its use during financially sound times is...

Persistent link: https://www.econbiz.de/10009746998

The crisis sensitivity of European countries and regions : stylized facts and spatial heterogeneity

Groot, Stefan P. T.; Möhlmann, Jan L.; Garretsen, Harry; … - 2011

This paper investigates the impact of the recent global recession on European countries and regions. We first present several stylized facts as to the heterogeneous impact of the global recession on individual European countries and regions. We then offer an investigation of three main classes...

Persistent link: https://www.econbiz.de/10011386447

The Crisis Sensitivity of European Countries and Regions : Stylized Facts and Spatial Heterogeneity

Groot, Stefan P. T. - 2011

Persistent link: https://www.econbiz.de/10013126036

The static demand multipliers in a joint production framework : comparative findings for the Greek, Spanish and Eurozone economies

Mariolis, Theodore; Ntemiroglou, Nikolaos; Soklis, George - In: Journal of economic structures : JES; the official … 7 (2018) 18, pp. 1-20

.e., Greece and Spain, and for the Eurozone economy as a whole. The findings reveal certain differentiated features of the …

Persistent link: https://www.econbiz.de/10011883039

The macroeconomic effects of the Euro Area's fiscal consolidation 2011 - 2013 : a simulation-based approach

Rannenberg, Ansgar; Schoder, Christian; Strasky, Jan - 2015

the European Commission, respectively. The cumulative multiplier amounts to 0.7 and 1.0 in the baseline, but increases to …Wir simulieren die Haushaltskonsolidierung im Euroraum im Zeitraum 2011 bis 2013 mit Hilfe von zwei DSGE Modellen der … EZB und der Europäischen Kommission. Der kumulative Multiplikator beträgt 0.7 bzw. 1.0 in der Basislinie, steigt aber auf …

Persistent link: https://www.econbiz.de/10011311671

The short- and long-run effects of fiscal consolidation in dynamic general equilibrium : conference paper

Schwarzmüller, Tim; Wolters, Maik H. - 2014 - Very preliminary, work in progress!

ordering these consolidation strategies by multiplier size or their welfare consequences leads to very different rankings. With …

Persistent link: https://www.econbiz.de/10010486056