Suchergebnisse

"Preface" -- "Some Theoretical Foundations and Empirical Evidence Over the Past Fifty Years" -- "Introduction" -- "Theoretical and Empirical Achievements and Final Considerations" -- "Contents" -- "List of Figures" -- "List of Tables" -- "Part I: Some Theoretical Foundations: Why European Treaties Are Theoretically Wrong" -- "Introduction" -- "1: Government Expenditure, Inflation and Growth: The Base Model" -- "1.1 The Two-Sector Production Model and the Effects of Government Expenditure" -- "1.2 The Assets Market" -- "1.3 The Consumption Goods Market" -- "1.3.1 Effects of a Balanced Budget Increase on Government Expenditure" -- "1.3.2 Effects of an Increase of Government Capital Stock" -- "1.4 The Complete Model-Statics" -- "1.4.1 Balanced Budget Policy" -- "1.4.2 International Inflows of Capital Increasing the Stock of Capital" -- "1.4.3 Effects of an Increase in the Share of Government Capital" -- "1.4.4 The Role of the Composition of Government Expenditure Between Consumption and Investments" -- "1.5 The Complete Model-Dynamics" -- "1.6 Stock and/or Flow Equilibrium Conditions" -- "2: Economic Policy, Government Investment Programmes, Inflation and Growth" -- "2.1 Monetary Policy" -- "2.1.1 Static Analysis" -- "2.1.1.1 Effects of an Increase in the Total Stock of Capital Through International Inflows" -- "2.1.1.2 Effects of an Increase of the Share of Government Capital Stock" -- "2.1.1.3 An Increase in the Government Propensity to Consume" -- "2.1.2 Dynamic Analysis" -- "2.1.2.1 Effects of a Change in Government Expenditure Structure: An Increase in the Government Propensity to Consume" -- "2.1.2.2 Effects of an Increase in the Share of Government Capital Stock" -- "2.2 The Control of the Price Level Through Fiscal Policy" -- "2.2.1 Static Analysis" -- "2.2.1.1 Effects of an Increase in the Government Propensity to Consume

This book examines the Eurozone crisis in light of theoretical and empirical evidence. The first half explores specific theoretical contributions within a framework of growth theory models to examine the two major pillars of the European construction, the European Central Bank and the Maastricht Treaty, and seeks to explain why they are theoretically wrong. The second half presents results of counterfactual simulations using the Oxford Econometric model and estimates what the Eurozone has lost in terms of economic and social cost from 2002 to 2014 as a consequence of the super-evaluation of the Euro and the Maastricht Treaty parameters being mistakenly fixed and pursued. Finally, the author supports the urgent need to refund the European Union, up-dating The Maastricht Treaty and the ECB statute to build three concentric circles: the USE (United States of Europe), the EU (European Union), the EAFTDA (Europe/Africa Free Trade and Development Area).--

This study addresses the two major challenges facing the global economy: globalization and the European structural crisis. In addition, it takes a closer look at the impact of this on the Italian economy. The findings reflect on the issue of long term growth and suggest ways in which to create sustainable financial conditions for the future.

The papers in this volume, derived from Quo Vadis international workshop held in Rome, Italy, in 2013, address the two major challenges facing the global economy: globalization and European structural crisis as well as examining the impact on the Italian economy. A host of experts drawn from international institutions, economic and political research centres, and leading economists provide a multi-disciplinary perspective on the outlook of the world economy, taking into consideration factors such as the Euro crisis, capital and investment, financial markets, European energy and health systems. To support this discourse the contributors closely examine the regional policies of Europe, the United States, Russia, Morocco, Egypt and Italy, and also consider the role of the IMF, EIB, World Bank and WTO. The findings reflect on the challenges of long-term growth and suggest ways for sustainable financial conditions in the future. Quo Vadis provides a comprehensive analysis of the problems facing the global economy and is essential reading for scholars, researchers and policy makers.

The authors stress how the rise of China and India has changed the world economy, moving it towards disequilibrium. Several alternative economic policies are tested to seek a way towards a high growth in any continent associated with long-run real and financial equilibrium