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2013
The global financial crisis and the “Great Recession“ of 2007-9 catalyzed a remarkable consensus across all major countries for remedial action in the form of strongly expansionary fiscal and monetary policies. However, by 2010, in industrial countries, the consensus in favor of strong fiscal stimulus had been rent by growing calls for fiscal prudence ...
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The global financial crisis and the “Great Recession“ of 2007-9 catalyzed a remarkable consensus across all major countries for remedial action in the form of strongly expansionary fiscal and monetary policies. However, by 2010, in industrial countries, the consensus in favor of strong fiscal stimulus had been rent by growing calls for fiscal prudence ...
openaire +1 more source
2019
If governments followed the optimal fiscal policy path, surpluses in good times would counter necessary deficits during economic downturns, leading to worldwide balance. The world, however, has chosen to go in a different direction in recent decades, avoiding thrift in light of a decidedly more indebted future. When financial crises kicked off a global
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If governments followed the optimal fiscal policy path, surpluses in good times would counter necessary deficits during economic downturns, leading to worldwide balance. The world, however, has chosen to go in a different direction in recent decades, avoiding thrift in light of a decidedly more indebted future. When financial crises kicked off a global
openaire +1 more source
Sovereign spreads and the effects of fiscal austerity
Journal of International Economics, 2022I analyze the impact of austerity on sovereign spreads. To do so I propose a model with strategic sovereign default and nominal rigidities where the government follows fiscal rules, which are estimated from data. I first analyze the theoretical implications of the model and find that austerity can be self-defeating only when austerity packages are ...
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Government Responses to Fiscal Austerity
Comparative Political Studies, 2013How does the institutional context affect government responses to fiscal austerity? Despite the “institutional turn” in political science, we still possess an incomplete understanding of the relationship between a core aspect of the institutional setting of countries—namely institutional fragmentation—and the policy consequences of fiscal pressure ...
Jensen, Carsten, Mortensen, Peter Bjerre
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Fiscal Austerity and the Entrepreneurial Impulse
2017In 1993, I proposed to restart and recapitalize a moribund Center for Policy Analysis (CFPA) at the University of Massachusetts Dartmouth. This initiative was a response to mounting criticism of the campus by the business dominated UMass Board of Trustees, the region’s state legislative delegation, municipal officials, business executives, and the ...
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From Fiscal Austerity towards Growth-Enhancing Fiscal Policy in Ukraine
2017The study analyses the dynamics and the structure of Ukraine's public finances. It assesses the medium-term impact of fiscal austerity 2014-2016, examines fiscal sustainability and estimates further fiscal adjustment efforts. It evaluates the economic and social implications of current fiscal policies especially on education, health and other social ...
Bogdan, Tetiana +3 more
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Greece's health crisis: from austerity to denialism
Lancet, The, 2014Marina Karanikolos +2 more
exaly