Artikel
Austerity in the euro area: the sad state of economic policy in Germany and the EU
The euro area is currently going through its worst period of recession and economic stagnation since the Great Depression and World War II. The article tries to give an impression of the extraordinary degree of fiscal austerity and the devastating economic effects it has already had and must be expected to have in the near future. In addition it is argued that both the lack of economic justification and the devastating consequences of the fiscal policies currently executed should have been absolutely obvious even from a mainstream perspective. Therefore the sad state of economic policies in the euro area is that it did not even follow moderate mainstream proposals but instead seemed to rely on radical and outdated theoretical or purely ideological foundations. Germany as the most economically and politically influential member state of the euro area seems to be most infected with such radical ideas.
- Language
-
Englisch
- Bibliographic citation
-
Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 10 ; Year: 2013 ; Issue: 2 ; Pages: 158-174
- Classification
-
Wirtschaft
Policy Objectives; Policy Designs and Consistency; Policy Coordination
Fiscal Policy
Incomes Policy; Price Policy
Studies of Particular Policy Episodes
National Deficit; Surplus
National Debt; Debt Management; Sovereign Debt
- Subject
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fiscal policy
Hamburg appeal
austerity
debt brake
fiscal compact
Germany
euro area
- Event
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Geistige Schöpfung
- (who)
-
Truger, Achim
- Event
-
Veröffentlichung
- (who)
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Edward Elgar Publishing
- (where)
-
Cheltenham
- (when)
-
2013
- DOI
-
doi:10.4337/ejeep.2013.02.02
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Truger, Achim
- Edward Elgar Publishing
Time of origin
- 2013
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