Tag Archive: Austerity

A History of Austerity

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Statistical errors, moral arguments, confidence fairy, blurry causal relationship, Keynesian policies and an italian economist. A History of Austerity, the protagonist of Europe by Robert Skidelsky. Go to the article. Advertisements

Krugman il tifoso di Totti

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Paul Krugman è un tifoso da stadio. Questa è la visione di Luigi Zingales, professore presso la University of Chicago Booth School of Business, secondo il quale “da editorialista del New York Times [Krugman] si è… Continue reading

Build a bridge, Sam!

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The thing we would typically worry about with high deficits, namely high interest rates, is not happening. Interest rates are actually negative (“it means markets are so nervous that they will literally pay us… Continue reading

Sorry, we made a mistake

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Finally, the International Monetary Fund admits: we failed to realise the damage austerity would do to Greece. The IMF had originally predicted Greek economy would contract by just 5.5% between 2009 and 2012 but… Continue reading

Austerity and Demoralization

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Does austerity improve morale? According to people such as the British Prime Minister David Cameron, or the US congressman Paul Ryan, the answer is yes. They claim that austerity measures reduce welfare dependency… Continue reading

5 years of Troika

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Europe, 5 years later. It’s time to evaluate Troika’s work and the role it might have for the future of the EU. Jean Pisani-Ferry on Project Syndicate

That’s a ‘Depression’: Europe’s Double-Dip Is Officially Longer Than Its Great Recession

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“More austerity and less monetary stimulus were pretty horrible ideas. But Europeans seem to prefer to keep recreating the 1930s rather than learning anything from them”. This article shows that Europeans don’t want the recession to… Continue reading