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Europe is now stuck in a fiscal trap, brought about by the failure of orthodox economics to provide an effective strategy for economic growth

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). Blog Entry.

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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 (Blog Entry)
Official URL: http://blogs.lse.ac.uk/europpblog//
Additional Information: © 2012 The Authors; Online
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
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 26 Mar 2013 10:01
Last Modified: 29 Apr 2019 08:14
URI: http://eprints.lse.ac.uk/id/eprint/49431

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