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Macroeconomics: Consumption, Saving, Production, Employment, and Investment x Macroeconomics and Monetary Economics; Growth and Fluctuations x clear all

The consequences of fiscal stimulus on public debt: a historical perspective

W. D. McCausland and I. Theodossiou.

in Cambridge Journal of Economics

July 2016; p ublished online September 2015 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomics and Monetary Economics; Growth and Fluctuations. 6969 words.

The current policy agenda of neoclassical macroeconomics, as expressed within conservative political circles in the UK and European Union, is that fiscal contraction is the lever that can...

The liquidation of government debt

Carmen M. Reinhart and M. Belen Sbrancia.

in Economic Policy

April 2015; p ublished online March 2015 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Macroeconomics and Monetary Economics; Growth and Fluctuations; International Finance; National Budget, Deficit, and Debt; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance. 17204 words.

High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression (FR), a tax on bondholders and savers via negative or...

A note on Piketty’s Capital in the Twenty-First Century

Robert Rowthorn.

in Cambridge Journal of Economics

September 2014; p ublished online August 2014 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomics and Monetary Economics; Growth and Fluctuations. 4053 words.

Thomas Piketty’s Capital documents long-term trends in income and wealth in advanced economies. It also provides a theoretical framework for analysing the past and projecting the future....

The Three Horsemen of Riches: Plague, War, and Urbanization in Early Modern Europe

Nico Voigtländer and Hans-Joachim Voth.

in The Review of Economic Studies

April 2013; p ublished online November 2012 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Labour and Demographic Economics; Macroeconomics and Monetary Economics; Growth and Fluctuations; Economic Growth and Aggregate Productivity; Economic Development. 19220 words.

How did Europe escape the “Iron Law of Wages?” We construct a simple Malthusian model with two sectors and multiple steady states, and use it to explain why European per capita incomes and...

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‘Two or three things I know about her’: Europe in the global crisis and heterodox economics

Riccardo Bellofiore.

in Cambridge Journal of Economics

May 2013; p ublished online March 2013 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomics and Monetary Economics; Growth and Fluctuations; Economics. 8830 words.

Europe is in the middle of an economic and social storm. Although the turmoil since the mid-2008 originated elsewhere, the European dynamics may turn the Great Recession into a full-blown...

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