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Fiscal and Monetary Policy in optimal and non-optimal currency areas: The discussion between austerity and countercyclical policy.

机译:最优和非最优货币领域的财政和货币政策:紧缩和反周期政策之间的讨论。

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From 2010 there is a wide debate in the academic field on the topic of economic policy. Supporters of contractionary policies have had the political power to apply them absolutely in Europe. According to supporters of this current the problem is not the current deficiency in demand but on trust referring to the confidence of financial investors, confidence that will be regain through fiscal responsibility, which means, cut in public spending and punctual payment of the public debt. It doesn't matter that the investors represent less than 5% of total population and austerity affects more than 95% of people. The results that we will see in this paper clearly show the failure of austerity measures and, therefore, surprises the persistence of its promoters defending them and even worse, keeping them operating.
机译:从2010年开始,在经济政策主题的学术领域有很多争论。收缩政策的支持者已经有政治权力在欧洲绝对申请。根据这一当前的支持者,问题不是当前需求的不足,而是关于信托指的是金融投资者的信心,通过财政责任来重新获得的信心,这意味着,在公共支出和公共债务的准时支付。投资者代表占总人口的5%并不重要,紧缩影响超过95%的人。我们在本文中将看到的结果明确表明了紧缩措施的失败,因此,令人遗憾的是其推动者捍卫它们的持续性,甚至更糟糕,让他们保持运作。

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