Conflict Management and Economic Growth
Rajan, Raghuram. One of the most interesting aspects of the prolonged economic crisis in Europe, and of the even longer crisis in Japan, is the absence of serious social conflict – at least thus far. Yes, there have been strikes, marches, and growing anger at political leaders, but protests have been largely peaceful. Πηγή: Project […]
Austerity and Demoralization
Shiller, Robert. The high unemployment that we have today in Europe, the United States, and elsewhere is a tragedy, not just because of the aggregate output loss that it entails, but also because of the personal and emotional cost to the unemployed of not being a part of working society. Πηγή: Project Syndicate πλήρες κείμενο
Rethinking macroeconomic policy: Getting granular
Blanchard, Olivier, Dell’Ariccia, Giovanni & Mauro, Paolo. The Global Crisis has shaken the consensus on how to run macroeconomic policy. Three years ago, the authors discussed this issue on VoxEU.org. This column takes a more granular look at new efforts to rethink macroeconomic policy. It takes stock of early results and provides a more detailed […]