sprache deutsch
sprache english
» Zum Merkzettel
0 Artikel
» Zum Warenkorb
0 Artikel - 0,00 EUR

 Startseite » Politik  » Staatsausgaben, Steuerpolitik & Staatsverschuldung 
Saving 'decent capitalism': An emergency programme for fiscal policy in the Euro area
ca. 137 kb

Saving 'decent capitalism': An emergency programme for fiscal policy in the Euro area

13 Seiten · 3,03 EUR
(06. Juli 2017)

Ich bin mit den AGB, insbesondere Punkt 10 (ausschließlich private Nutzung, keine Weitergabe an Dritte), einverstanden und erkenne an, dass meine Bestellung nicht widerrufen werden kann.


In an important strand of his comprehensive research Hansjörg Herr – together with different co-authors – has spelled out the institutional features and the main economic policy conditions that define functional macroeconomic policy regimes from a Keynesian perspective. More recently he has become preoccupied with the concept of a 'decent capitalism' as a blueprint for reforming economies in both an economically and socially beneficial manner. Most certainly, macroeconomic policy – and above all fiscal policy – in most Euro area countries have been characterised by almost the exact opposite of a functional macroeconomic policy regime: Since 2010 fiscal policy has been dominated by strict austerity measures implemented under the 'reformed' Stability and Growth Pact (SGP) and the 'fiscal compact' (FC). From a Keynesian perspective the outcome in terms of devastating economic, social and political consequences was predictable.

Since summer 2014 the calls for a more expansionary fiscal policy in the euro area have become louder: In his Jackson Hole speech, Mario Draghi called for a more expansionary fiscal stance for the Euro area as a whole and a public investment programme insisting, however, that the existing rules of the SGP be respected. The European Council in June 2014 also saw the need to enhance growth, respecting, however, the current institutional framework.

zitierfähiger Aufsatz aus ...
the author
Prof. Dr. Achim Truger
Achim Truger

ist Professor für Sozioökonomie mit Schwerpunkt Staatstätigkeit und Staatsfinanzen an der Universität Duisburg-Essen und Mitglied des Sachverständigenrates zur Begutachtung der gesamtwirtschaftlichen Entwicklung.

[weitere Titel]