Teorii si politici privind austeritatea si efectele acesteia

Aurel Iancu

Studii Economice from Institutul National de Cercetari Economice (INCE)

Abstract: In this survey are submitted and analysed the following three important hypotheses of the austerity effects on the fiscal consolidation: Keynesian conventional theory asserting contractionary effects; Ricardian equivalence asserting neutral effects; German hypothesis advocating expansionary effects. The new approaches based on empirical researches prove that signs of the effects generated by the austerity measures depend on the different factors and circumstances which both fiscal and monetary policies entail.

Keywords: austerity; fiscal policy; budgetary deficit; debt; expansionary effect; contractionary effect (search for similar items in EconPapers)
JEL-codes: G01 H2 H5 H6 H87 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2015-12
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ror:seince:151207

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