Results 21 to 30 of about 55,381 (305)
Public revenues and public expenditure nexus: Evidence of Eurozone heterogeneity [PDF]
Anali Ekonomskog fakulteta u Subotici, 2022 After the global economic crisis, a broad consensus has emerged that membership in the Eurozone exerts a strong pressure on fiscal policy, since it is characterized by the dichotomy of common monetary policy and heterogeneous fiscal policies.
Glavaški Olgica +2 more
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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
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Of fairies and governments: An ABM evaluation of the expansionary austerity hypothesis
EconomiA, 2020 This paper draws on a debate between Robert Skidelsky and Paul Krugman on the expansionary austerity hypothesis as a motivation to build a demand-driven agent-based model. The model features contagion across firms to explore whether fiscal consolidations
Adriano dos Reis M. Laureno Oliveira +2 more
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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
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The IMF, the Eurozone and global financial crises, and the politics of economic ideas [PDF]
, 2020 The core European economic policy debate of the last decade, and probably the next, surrounds the wisdom or otherwise of fiscal consolidation and other austerity policies, pursued in response to higher public debt and credibility concerns sparked by the ...
Clift, Ben
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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
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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
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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
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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
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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
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