U.S. deficits, the dollar and Europe
This paper reviews and assesses some of the controversies related to the role of deficits in the recovery, the relation between deficits and interest rates, costs and benefits of a strong US dollar, and finally the feasibility and desirability of enhancing, assuring or accelerating Europe’s recovery...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2013-11-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11071 |
| _version_ | 1811172511138709504 |
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| author | O. BLANCHARD R. DORNBUSH |
| author_facet | O. BLANCHARD R. DORNBUSH |
| author_sort | O. BLANCHARD |
| collection | DOAJ |
| description | This paper reviews and assesses some of the controversies related to the role of deficits in the recovery, the relation between deficits and interest rates, costs and benefits of a strong US dollar, and finally the feasibility and desirability of enhancing, assuring or accelerating Europe’s recovery through active policy moves. The authors first provide an assessment of the current situation before focusing on the characteristics of a fiscal policy-led recovery. They then turn to the appreciation of the dollar before looking at the policy options open to Europe, arguing that a temporary and modulated fiscal expansion still appears both desirable and feasible.
JEL: H62, E43, E62
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| first_indexed | 2024-04-10T17:31:23Z |
| format | Article |
| id | doaj.art-6ec64da111054ababf4c931dab4dbd01 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:31:23Z |
| publishDate | 2013-11-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-6ec64da111054ababf4c931dab4dbd012023-02-03T16:45:40ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-11-013714810.13133/2037-3643/11071U.S. deficits, the dollar and EuropeO. BLANCHARDR. DORNBUSHThis paper reviews and assesses some of the controversies related to the role of deficits in the recovery, the relation between deficits and interest rates, costs and benefits of a strong US dollar, and finally the feasibility and desirability of enhancing, assuring or accelerating Europe’s recovery through active policy moves. The authors first provide an assessment of the current situation before focusing on the characteristics of a fiscal policy-led recovery. They then turn to the appreciation of the dollar before looking at the policy options open to Europe, arguing that a temporary and modulated fiscal expansion still appears both desirable and feasible. JEL: H62, E43, E62 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11071Deficitsinterest ratesdollarrecoveryfiscal policycrisis |
| spellingShingle | O. BLANCHARD R. DORNBUSH U.S. deficits, the dollar and Europe PSL Quarterly Review Deficits interest rates dollar recovery fiscal policy crisis |
| title | U.S. deficits, the dollar and Europe |
| title_full | U.S. deficits, the dollar and Europe |
| title_fullStr | U.S. deficits, the dollar and Europe |
| title_full_unstemmed | U.S. deficits, the dollar and Europe |
| title_short | U.S. deficits, the dollar and Europe |
| title_sort | u s deficits the dollar and europe |
| topic | Deficits interest rates dollar recovery fiscal policy crisis |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11071 |
| work_keys_str_mv | AT oblanchard usdeficitsthedollarandeurope AT rdornbush usdeficitsthedollarandeurope |