Google+ Badge

Friday, August 2, 2013

Levy Economic Institute "The Greek Economic Crisis and the Experience of Austerity"

In this report, Levy Institute President Dimitri B. Papadimitriou and Research Scholars Michalis Nikiforos and Gennaro Zezza analyze the economic crisis in Greece and offer policy recommendations to restore growth and increase employment.

After killing the corpse of the Alesina-Ardagna "expansionary austerity" -why bother?- they propose a "Marshall Plan"of about 30 bln in quarterly "installments"!
I 'd go one step further: "A Marshall Plan of 2 bln per quarter in perpetuity".

No comments:

Post a Comment