International Framework and Alternative Strategies

Mario Baldassarri and Francesco Busato
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Mario Baldassarri: University of Rome
Francesco Busato: Columbia University

Chapter 5 in Full Employment and High Growth in Europe, 2003, pp 93-97 from Palgrave Macmillan

Abstract: Abstract The year 2001 was not particularly positive for the world economy: weaker growth in world demand associated with a marked decrease in securities values significantly reduced economic growth in both the United States and the Euro zone. At the same time, we witnessed an increase in unemployment in the majority of OECD countries. Consequently, the changing international conditions negatively influenced the government finance picture of various European and non-European countries. The situation was additionally worsened after the events of September 11

Keywords: Monetary Policy; Government Spending; Full Employment; Weak Growth; Euro Zone (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-3736-0_5

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DOI: 10.1057/9781403937360_5

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