Author (Person) | de Grauwe, Paul |
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Publisher | Centre for European Policy Studies [CEPS] |
Series Title | CEPS Commentary |
Series Details | 15 November 2012 |
Publication Date | 15/11/2012 |
Content Type | Journal | Series | Blog |
Abstract: This CEPS Commentary argues that the way in which the burden of adjustment to the imbalances in the eurozone is borne almost exclusively by the deficit countries in the periphery produces a deflationary bias in the region as a whole. Against the threat of double-dip recession, Paul De Grauwe asserts that the adjustment could be done differently and calls for implementation of a more symmetric macroeconomic policy that reduces the deflationary bias. |
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Source Link | http://aei.pitt.edu/37856/1/Double-dip_Eurozone.pdf |
Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |
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