MACROECONOMICS OF FISCAL POLICY IN TIMES OF THE GREAT RECESSION

被引：0

作者：

Yugay, Tatiana ^{[1
]}

机构：

[1] Moscow State Univ Econ Stat & Informat, Moscow, Russia

来源：

GLOBAL & LOCAL ECONOMIC REVIEW | 2014年 / 18卷 / 02期

关键词：

austerity; fiscal consolidation; fiscal stimulus program; Great Recession; neo-Keynesianism; neoliberalism; public debt-to-GDP ratio; Russia's active fiscal policy; Italy's fiscal austerity;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The article examines academic debates about austerity and their influence on real policy decisions, namely, fiscal stimulus programs adopted by governments in the wake of the current crisis and the consequent switch to fiscal consolidation as well as latest discussions and decisions in favor of fiscal loosening. The author presumes that pains of austerity haven't yet brought desired results since public debt-to-GDP ratios in advanced economies still remain on their historic heights and are predicted to decline only in 2016. Meantime, austerity did hurt fragile recovery in the euro zone. A comparative case study of anti-crisis fiscal policies in Russia and Italy supports this hypothesis.

引用

页码：229 / 258

页数：30

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