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So Just When Does Spain's Twin Deficit Problem Become Unsustainable?
So Just When Does Spain's Twin Deficit Problem Become Unsustainable?
This, it seems, is the question of the day. According to the IMF Spain’s economy faces a contraction of at least one percent next year. And the IMF stress that the risks to this forecast “remain on the downside” since the country’s real-estate market is “in full correction,”. Also, horror of ...
 Financial Crisis and Recession
Financial Crisis and Recession
woodwardhall.wordpress.com — The Obama administration’s focus on infrastructure spending raises the natural question of the effect of government purchases... on total GDP. Does government spending stimulate other categories of spending, especially consumer spending? Or does ... (more) Financial Crisis and Recession
Spending and Tax Multipliers
gregmankiw.blogspot.com — A key issue facing the new Obama administration is to what extent the economic stimulus should take... the form of spending increases versus tax cuts. One way to think about the issue is the size of the fiscal policy multipliers. The multipliers measure ... (more) Spending and Tax Multipliers
European macro algebra (wonkish)
krugman.blogs.nytimes.com — I've been on the warpath over Germany's refusal to play a constructive role in European fiscal stimulus.... But what does the math look like? Here's a simple analysis - well, simple by economists' standards - of the reason coordination is so important ... (more) European macro algebra (wonkish)
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Why We All Need To Keep An Eye On What Is Happening In Greece
Greece Economy Watch — ... out the difference: Spanish Prime Minister Jose Luis Rodriguez Zapatero can still sign any cheque he wants to to try to fend off the worst of the Spanish crisis, while Greek Prime Minister Kostas Karamanlis no longer can. Words of warnings left unheard are now coming home to roost and the Greek government's room for fiscal manoeuvre is very very limited indeed at this point. Undoubtedly time will also run out on the Spanish Prime Minister too if we continue on the present course (as I argue in this post) but my point here is that we should be aware that events in Greece, ...

Why We All Need To Keep A Watchful Eye On What Is Happening In Greece
Global Economy Matters — ... out the difference: Spanish Prime Minister Jose Luis Rodriguez Zapatero can still sign any cheque he wants to to try to fend off the worst of the Spanish crisis, while Greek Prime Minister Kostas Karamanlis no longer can. Words of warnings left unheard are now coming home to roost and the Greek government's room for fiscal manoeuvre is very very limited indeed at this point. Undoubtedly time will also run out on the Spanish Prime Minister too if we continue on the present course (as I argue in this post) but my point here is that we should be aware that events in Greece, ...

Why We All Need To Keep A Watchful Eye On What Is Happening In Greece
Euro Watch — ... out the difference: Spanish Prime Minister Jose Luis Rodriguez Zapatero can still sign any cheque he wants to to try to fend off the worst of the Spanish crisis, while Greek Prime Minister Kostas Karamanlis no longer can. Words of warnings left unheard are now coming home to roost and the Greek government's room for fiscal manoeuvre is very very limited indeed at this point. Undoubtedly time will also run out on the Spanish Prime Minister too if we continue on the present course (as I argue in this post) but my point here is that we should be aware that events in Greece, ...

Why We All Need To Keep A Watchful Eye On What Is Happening In Greece
A Fistful Of Euros » A Fistful Of Euros — ... the difference: Spanish Prime Minister Jose Luis Rodriguez Zapatero can still sign any cheque he wants to to try to fend off the worst of the Spanish crisis, while Greek Prime Minister Kostas Karamanlis no longer can. Words of warnings left unheard are now coming home to roost and the Greek government’s room for fiscal manoeuvre is very very limited indeed at this point. Undoubtedly time will also run out on the Spanish Prime Minister too if we continue on the present course (as I argue in this post) but my point here is that we should be aware that events in Greece, ...

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