The Political Economy of the Greek Debt Crisis: A Tale of Two Bailouts

被引：29

作者：

Ardagna, Silvia ^{[1
]}

Caselli, Francesco ^{[2
,3
,4
,5
,6
]}

机构：

[1] Goldman Sachs, Peterborough Court, London EC4A 2BB, England

[2] London Sch Econ, London W2A 2AE, England

[3] CFM, Cincinnati, OH USA

[4] CEP, London, England

[5] CEPR, London, England

[6] NBER, Cambridge, MA 02138 USA

来源：

AMERICAN ECONOMIC JOURNAL-MACROECONOMICS | 2014年 / 6卷 / 04期

关键词：

INFORMATION; DELIBERATION;

D O I：

10.1257/mac.6.4.291

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We review the events that led to the May 2010 and July 2011 bailout agreements. We interpret the bailouts as outcomes of political-economy equilibria. We argue that these equilibria were likely not on the Pareto frontier, and sketch political-economy arguments for why collective policymaking in the Euro area may lead to suboptimal outcomes.

引用

页码：291 / 323

页数：33

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