Screen LibraryPublic debt, global governance and economic dynamism
This volume presents a selection of contributions to the XXIV Villa Mondragone International Economic Seminar on "Public debt, global governance and economic dynamism". For the past 23 years, the Seminar has provided an ideal opportunity to meet and discuss the most topical issues in econo...
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| Literature type: | Electronic eBook |
| Language: | English |
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| Online Access: |
http://dx.doi.org/10.1007/978-88-470-5331-1 |
| Summary: |
This volume presents a selection of contributions to the XXIV Villa Mondragone International Economic Seminar on "Public debt, global governance and economic dynamism". For the past 23 years, the Seminar has provided an ideal opportunity to meet and discuss the most topical issues in economic research. The quality of the scientific contributions and ensuing debates has consistently been outstanding owing to the participation of leading experts, and the most recent Seminar was no exception. The Seminar was held against the backdrop of high levels of public debt, especially in Europe, combined with very low growth in productivity. Furthermore, markets have been dominated by financial instability, raising the question of whether this is the result of the high debt levels or insufficient economic dynamism. Among the topics covered in this book are the economic challenges and growth policies in the United States; issues relating to the G20, global governance and regional integration; EU governance, growth and the Eurozone crisis; and EMU policy and public debt. Individual contributions also address the impact of labor market reforms, the need for sectoral rebalancing in the Euro area, fiscal multipliers and public debt dynamics, and the effects of fiscal shocks in Italy. The book concludes with a contribution on policy recommendations |
| Carrier Form: | 1 online resource (vii, 423 p.) : ill. |
| Bibliography: | Includes bibliographical references. |
| ISBN: |
9788847053311 (electronic bk.) 8847053315 (electronic bk.) |
| Index Number: | HJ8015 |
| CLC: | F810.5 |
| Contents: |
US Growth Policies in the Election Year. Five Economic Challenges for the Next US President / The Multiplier, Sovereign Default Risk, and the US Budget: An Overview / Cyclical Policies, Structural Imbalances and Growth of the U.S. Economy / Assessing the Impact of Labor Market Reforms. Short-Time Work Scheme and Unemployment Insurance Program Beneficiaries: The Analysis of Employment Outcomes / Imbalances, Tensions and Possible Readjustments: Evidence from Intertemporal Accounting and the Financial Accounts -- In Need of Sectoral and Regional Rebalancing in the Euro Area: A Euro Area Sectoral Accounts (Flow-of-Funds) Perspective / Patterns in Financial Flows? A Longer-Term Perspective on Intersectoral Relationships / G20, Global Governance and Regional Integration. The Determinants of Macroeconomic Imbalances in the Euro Area: The Role of External Performances / The Group of Twenty: Origins, Prospects and Challenges for Global Governance / Then and Now: European Trade, Payments, and Financial Regionalism in Historical Perspective / What Is Wrong with the G20? / Multipliers, the Crisis and Beyond. Fiscal Multipliers and Public Debt Dynamics in Consolidations / The Effects of Expenditure Shocks in Italy During Good and Bad Times / EU Governance, Growth and the Eurozone Crisis. EMU in Crisis: What's Next? / Europe: Is Austerity Compatible with Endogenous Growth? / Germans at the Crossroad: Preserve Their Socio-Economic Model or Save the Euro? / The Austerity Debate / EMU Policy and Public Debt. The Sovereign Debt Crisis in Europe: How to Move from Bad to Good Equilibrium? / Interest Rate Shock and Sustainability of Italy's Sovereign Debt / EMU Sovereign Spreads and Macroeconomic News / Objectives and Instruments of Economic Policy in the Eurozone: How to Overcome the Crisis / From Collapse to Constitution: The Case of Iceland / Policy Recommendations. Conclusive Intervention / |