European economic policies, stock-flow relations and the great double crisis
The 2007-2015 crisis has been the most devastating economic depression in the last seven decades. It has struck in different ways and with different amplitude the US and most European countries. In most countries it has been a double crisis (financial and real), but in Eurozone's financially vu...
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| Format: | Article |
| Language: | English |
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Università Carlo Cattaneo LIUC
2017-06-01
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| Series: | The European Journal of Comparative Economics |
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| Online Access: | http://ejce.liuc.it/18242979201701/182429792017140106.pdf |
| _version_ | 1819048057948340224 |
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| author | Vittorio Valli |
| author_facet | Vittorio Valli |
| author_sort | Vittorio Valli |
| collection | DOAJ |
| description | The 2007-2015 crisis has been the most devastating economic depression in the last seven decades. It has struck in different ways and with different amplitude the US and most European countries. In most countries it has been a double crisis (financial and real), but in Eurozone's financially vulnerable countries it has also badly worsened public finance indicators. There was therefore in those countries, a complex perverse feedback between public finance weakness, the harsh application of austerity policy and a further increase in the depth and duration of real and financial crisis. The paper focus on the importance of stock-flow relations in worsening and prolonging economic depressions triggered by structural bubbles or other chronic imbalances. It also gives a critical assessment of some aspects of EU economic policies, outlining some elements for a possible alternative economic strategy. |
| first_indexed | 2024-12-21T11:10:13Z |
| format | Article |
| id | doaj.art-1d72e4a145c443acadc5a7fe859894cc |
| institution | Directory Open Access Journal |
| issn | 1824-2979 |
| language | English |
| last_indexed | 2024-12-21T11:10:13Z |
| publishDate | 2017-06-01 |
| publisher | Università Carlo Cattaneo LIUC |
| record_format | Article |
| series | The European Journal of Comparative Economics |
| spelling | doaj.art-1d72e4a145c443acadc5a7fe859894cc2022-12-21T19:06:07ZengUniversità Carlo Cattaneo LIUCThe European Journal of Comparative Economics1824-29792017-06-0114110912110.25428/1824-2979/201701-109-121European economic policies, stock-flow relations and the great double crisisVittorio ValliThe 2007-2015 crisis has been the most devastating economic depression in the last seven decades. It has struck in different ways and with different amplitude the US and most European countries. In most countries it has been a double crisis (financial and real), but in Eurozone's financially vulnerable countries it has also badly worsened public finance indicators. There was therefore in those countries, a complex perverse feedback between public finance weakness, the harsh application of austerity policy and a further increase in the depth and duration of real and financial crisis. The paper focus on the importance of stock-flow relations in worsening and prolonging economic depressions triggered by structural bubbles or other chronic imbalances. It also gives a critical assessment of some aspects of EU economic policies, outlining some elements for a possible alternative economic strategy.http://ejce.liuc.it/18242979201701/182429792017140106.pdffinancial and real criseseu economic policiesvulnerable countriesstock-flow analysis |
| spellingShingle | Vittorio Valli European economic policies, stock-flow relations and the great double crisis The European Journal of Comparative Economics financial and real crises eu economic policies vulnerable countries stock-flow analysis |
| title | European economic policies, stock-flow relations and the great double crisis |
| title_full | European economic policies, stock-flow relations and the great double crisis |
| title_fullStr | European economic policies, stock-flow relations and the great double crisis |
| title_full_unstemmed | European economic policies, stock-flow relations and the great double crisis |
| title_short | European economic policies, stock-flow relations and the great double crisis |
| title_sort | european economic policies stock flow relations and the great double crisis |
| topic | financial and real crises eu economic policies vulnerable countries stock-flow analysis |
| url | http://ejce.liuc.it/18242979201701/182429792017140106.pdf |
| work_keys_str_mv | AT vittoriovalli europeaneconomicpoliciesstockflowrelationsandthegreatdoublecrisis |