Title: An Empirical Evaluation of Greeces Public ...
Publisher: GRIN Verlag
Book Condition: New
Book Type: Paperback
Paperback. 50 pages. Dimensions: 8.3in. x 5.8in. x 0.1in.Bachelor Thesis from the year 2011 in the subject Economics - Finance, grade: 10. 0, Maastricht University, language: English, comment: Bachelor thesis in MARBLE programme. Comment of supervisor: Far above the Bachelor level. , abstract: This paper deals primarily with the question whether Greeces public finances were on a sustainable path from a theoretical perspective. For this evaluation, two empirical approaches from the sustainability literature are employed: co-integration and fiscal reaction. Both methods are applied to data from 1980 until 2010 and indeed, they yield no evidence that Greeces fiscal policy was on a sustainable path in that period. In addition, the recent start of a very strong fiscal adjustment process for Greece is identified. The success and macroeconomic implications of this fiscal adjustment are discussed based on a survey of the academic debate and from the aspect of European integration. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9783656206118
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