1,722,369 research outputs found
"Getting Out of the Recession?"
Get PDFResearch Scholar Gennaro Zezza updates the Levy Institute’s previous Strategic Analysis (December 2009) and finds that the 2009 increase in public sector aggregate demand was a result of the fiscal stimulus, without which the recession would have been much deeper. He confirms that strong policy action is required to achieve full employment in the medium term, including a persistently high government deficit in the short term. This implies a growing public debt, which is sustainable as long as interest rates are kept at the current low level. The alternative is an ongoing unemployment rate above 10 percent that would represent a higher cost to future generations.
"Sustaining Recovery--Medium-term Prospects and Policies for the U.S. Economy"
Get PDFThough recent market activity and housing reports give some warrant for optimism, United States economic growth was only 2.8 percent in the third quarter, and the unemployment rate is still very high. In their new Strategic Analysis, the Levy Institute's Macro-Modeling Team project that high unemployment will continue to be a problem if fiscal stimulus policies expire and deficit reduction efforts become the policy focus. The authors--President Dimitri B. Papadimitriou and Research Scholars Greg Hannsgen and Gennaro Zezza--argue that continued fiscal stimulus is necessary to reduce unemployment. The resulting federal deficits would be sustainable, they say, as long as they were accompanied by a coordinated and gradual devaluation of the dollar, especially against undervalued Asian currencies--a step necessary to prevent an increase in the current account deficit and ward off the risk of a currency crash.
La copia pittorica a Napoli tra Cinquecento e Seicento. Produzione, collezionismo, esportazione
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Vecchie e nuove asimmetrie: L’Europa di fronte alla guerra
No full textQuesto numero del Menabò si apre con l’analisi di Francesco Zezza, Jelena Reljic, Dario Guarascio, Giuseppe Celi e Annamaria Simonazzi delle ragioni per le quali gli effetti della guerra ucraina sulle economie europee saranno asimmetrici e di quanto ne consegue per le linee di politica economica da adottare
Il fenomeno della copia pittorica in Italia meridionale: qualche considerazione preliminare
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