The mirage of expansionary fiscal consolidation to resolve the euro-area crisis

Giuseppe Mastromatteo; Sergio Rossi

The mirage of expansionary fiscal consolidation to resolve the euro-area crisis

Giuseppe Mastromatteo
, Sergio Rossi

Università Cattolica del Sacro Cuore

University of Fribourg

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

The euro- area crisis is not a ‘sovereign debt’ crisis, as the conventional view depicts it. As a number of non- mainstream economists have been explaining since the euro- area crisis broke out (at the end of 2009), this crisis is the result of unsustainable macro- economic imbalances across the private sector of the euroarea, which have built up and remained largely unaddressed in the fi rst ten years of the European Monetary Union (EMU).

Original language	English
Title of host publication	Discourse Analysis and Austerity: Critical Studies from Economics and Linguistics
Editors	Ali T., Lebduskova E Power K.
Pages	253-266
Number of pages	14
Publication status	Published - 2019

Keywords

Euro area
austerity

Cite this

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KW - austerity

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The mirage of expansionary fiscal consolidation to resolve the euro-area crisis

Abstract

Keywords

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