Willi Semmler (Henry Arnhold Professor)
"The Macroeconomics of the Fiscal Consolidation in the European Union”
The sovereign debt crisis in the EU has triggered a hasty austerity program resulting in painful adjustments. The lecture will explore the empirics of the adjustment program, its effects on the European Welfare State, the regime dependence of the fiscal multiplier and the success or failure of the debt stabilization efforts in the EU.
Vortrag an der New School for Social Research
79 Fith Ave,