Papadimitriou, Dimitri B. and Hannsgen, Greg (2012) Europe is now stuck in a fiscal trap, brought about by the failure of orthodox economics to provide an effective strategy for economic growth. European Politics and Policy at LSE (07 Dec 2012). Website.
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Abstract
The United States has yet to resolve its “fiscal cliff”, its own version of austerity. Dimitri B. Papadimitriou and Greg Hannsgen of the Levy Economics Institute offer an analysis of what they term the “fiscal trap.” They argue many economists and policymakers continue to misunderstand the role of fiscal policy, especially in times of economic turmoil, and have, as a result, failed to offer effective policies to repair the economies of the US and eurozone.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/europpblog// |
| Additional Information: | © 2012 The Authors |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HC Economic History and Conditions J Political Science > JZ International relations |
| JEL classification: | H - Public Economics > H0 - General > H00 - General H - Public Economics > H6 - National Budget, Deficit, and Debt |
| Date Deposited: | 26 Mar 2013 10:01 |
| Last Modified: | 15 Sep 2023 18:37 |
| URI: | http://eprints.lse.ac.uk/id/eprint/49431 |
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