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spillover effects

Message in a Battle – Austerity in Europe and Lessons for Central and Eastern European Member States

Kovács, O. (2013): Message in a Battle – Austerity in Europe and Lessons for Central and Eastern European Member States. News of the Month, ICEG European Center, November 2013, pp. 8-18. In this article we purport to illustrate why differential diagnosis is inevitable when it comes to fighting against the tide to gain control over indebtedness and dampen sovereign risk in European countries. To this end, we first loo
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Fiscal Consolidation in a Leaderless Global Economy

Kovács, O. (2013): Fiscal Consolidation in a Leaderless Global Economy. News of the Month, ICEG European Center, April 2013 pp. 4-9. The issue whether the austerity-driven crisis management can be regarded as an instructive way forward or not has been long discussed without reaching a broad consensus. Albeit there is a common view over the fact that injected and coordinated fiscal and monetary stimulus did nothing bu
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