Results 21 to 30 of about 55,077 (306)
The impact of austerity measures on economic growth in the Eurozone
Acta Economica, 2014 At the time when most of the countries began to recover from economic crisis, sovereign debt crisis started in Eurozone. Eurozone members created mechanisms for assistance in order to prevent bankruptcy of heavily indebted countries and safeguard the ...
Васиљ Жарковић +2 more
doaj +1 more source
The fiscal compact, cyclical adjustment and the remaining leeway for expansionary fiscal policies in the Euro area [PDF]
Panoeconomicus, 2015 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”.
Truger Achim
doaj +1 more source
Public debt dynamics: the interaction with national income and fiscal policy
Journal of Economic Structures, 2021 The 2008 financial crisis triggered the debt crisis in Europe. High debt-to-GDP ratios made it impossible for some countries to apply countercyclical policy in order to overcome the recession.
Vasileios Spyrakis, Stelios Kotsios
doaj +1 more source
Emigration and fiscal austerity in a depression
Journal of Economic Dynamics and Control, 2021 What is the role of emigration in a deep recession when the government implements fiscal consolidation? To answer this question, we build a small open economy New Keynesian model with matching frictions and emigration. In simulations for the Greek Depression, fiscal austerity accounts for almost 1/3 of the GDP decline and 12% of emigration.
Bandeira, Guilherme +2 more
openaire +4 more sources
The distributional effects of fiscal austerity [PDF]
UN Department of Economic and Social Affairs (DESA) Working Papers, 2014 Financial crises are typically associated not only with sharp economic downturns but also with a substantial deterioration of fiscal positions (Reinhart and Rogoff, 2009). Declining revenues owing to weaker economic conditions, higher expenditures associated with bailout costs and demand stimuli have historically led to a rapid deterioration of fiscal ...
Laurence Ball +3 more
openaire +2 more sources
Like a Scattering from a Fixed Point: Austerity Fiction and the Inequalities of Elsewhere
Studi Irlandesi, 2019 After the financial collapse of 2008, Ireland imposed a program of fiscal consolidation that was designed to address the debt concerns of the nation. The implementation of austerity measures became the inverse to the high-flying years of the Celtic Tiger.
Jason Buchanan
doaj +1 more source
Fiscal consolidation in the EU-28: Multiyear versus cold-shower episodes [PDF]
Economic Horizons, 2020 In the aftermath of the global recession, the need for fiscal consolidation in order to reduce budget deficits and the public debt has intensified, but with the aim to make the measures applied not affect the further slowdown of the economic activity in ...
Olgica Glavaski, Emilija Beker Pucar
doaj +1 more source
Fiscal Austerity in Ambiguous Times [PDF]
SSRN Electronic Journal, 2016 This paper analyzes optimal fiscal policy with ambiguity aversion and endogenous government spending. We show that without ambiguity, optimal surplus-to-output ratios are acyclical and that there is no rationale for either reduction or further accumulation of public debt.
Ferriere, Axelle +1 more
openaire +4 more sources
Fiscal austerity in emerging market economies [PDF]
Studies in Nonlinear Dynamics & Econometrics, 2020 AbstractWe build a small open economy RBC model with financial frictions to analyse spending and tax based fiscal consolidations in emerging market economies (EMEs). We show that if government spending is a substitute to private consumption in household utility, a spending based fiscal consolidation has an expansionary effect on output.
Chetan Dave +3 more
openaire +2 more sources
Government Debts and Fiscal Deficits in the United Kingdom: A Critical Review
World Review of Political Economy, 2019 This article intends to examine the issues of public debt and austerity policy in the United Kingdom. It attempts to provide an evaluation of fiscal policy under neoliberalism and to consider the relationship between this policy ...
Kalim Siddiqui
doaj +1 more source