Tag Archives: austerity

Yes, Germans do believe in fiscal flexibility

Investors were spooked recently by suggestions that global growth may be slowing. Germany came in for particular attention as industrial production and exports both fell, warning that a recession may be on the way. World leaders, especially in Europe, are … Continue reading

Posted in Opinions | Tagged , , , , , , | Comments Off on Yes, Germans do believe in fiscal flexibility

“Austerity is used as a scapegoat to avoid painful reforms”

In an interview with La Tercera newspaper in Chile, IZA Director Klaus F. Zimmermann comments on Europe’s economic difficulties and the current debate on austerity and flexibility. He calls on European policymakers to abandon their ideologically motivated policy strategies in … Continue reading

Posted in Opinions | Tagged , , , , , , , , , , , , , | Comments Off on “Austerity is used as a scapegoat to avoid painful reforms”

Greece must attract top R&D performers

Greece is still in dire straits. Some reform progress during the last three years has contributed to improving the economic outlook, but it has become clear that as much as the reforms are needed, the economy will not become prosperous … Continue reading

Posted in Opinions | Tagged , , , , , , , , | Comments Off on Greece must attract top R&D performers

The worrying trajectory of government debt

As the fifth anniversary of the collapse of Lehman Brothers draws near and the debate about fiscal austerity continues to rage, it is time to take stock of the trajectory of debt levels in the key advanced and emerging market … Continue reading

Posted in Opinions | Tagged , , , , | Comments Off on The worrying trajectory of government debt

Global economic recovery stuck below takeoff speed

The global economic recovery remains stuck below takeoff speed, unable to achieve liftoff and facing the risk of stalling. Half-hearted fiscal austerity measures are proving to be a drag on growth and doing little to rebuild investor and consumer confidence. Monetary … Continue reading

Posted in Opinions | Tagged , , , , , , , , | Comments Off on Global economic recovery stuck below takeoff speed

Daniel S. Hamermesh on minimum wages, austerity and debt breaks

Former IZA Research Director and IZA Research Fellow Daniel S. Hamermesh talks about topical economic issues in the latest IZA Interview: what would be the consequences of a general minimum wage for the German economy? How will the U.S. budget … Continue reading

Posted in Videos | Tagged , , , , , , , , | Comments Off on Daniel S. Hamermesh on minimum wages, austerity and debt breaks

Germany has to pay – no matter what

The ongoing economic crisis has led to a broad discussion on what Europe should do to get out of this big mess and more importantly who should do what to end this slump. The recent debate on Germany’s duties and … Continue reading

Posted in Opinions | Tagged , , , , , , , , | Comments Off on Germany has to pay – no matter what