Social Models, Growth and Key Currencies

Lilia Costabile and Roberto Scazzieri

Chapter 5 in Institutions for Social Well-Being, 2008, pp 126-151 from Palgrave Macmillan

Abstract: Abstract Is there a trade-off between social protection and economic growth? Cuts in social protection and welfare expenditures have been advocated as a recipe for faster growth in Europe, both in the recent past, when Europe as a whole was ‘typecast’ as a ‘sclerotic under-achiever’ (The Economist, 14 July 2007, ‘Can Europe’s Recovery Last?’, p. 13) and during its subsequent recovery. In both the press and economic journals, this approach proposes the American Model as the successful alternative to the ‘European Social Model’, considered either as a whole or in its regional specifications (‘the French Social Model’, etc.).1

Keywords: Monetary Policy; Current Account; Trade Policy; Welfare Policy; NBER Working Paper (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-58435-8_6

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DOI: 10.1057/9780230584358_6

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