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The new kind of macroeconomic populism

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  • Csaba, László

Abstract

This paper is intended to examine why newly gained EU membership failed to trigger powerful structural reforms in new member states. What evolved in these countries instead was a nonetatist economic policy that sharply contradicted with the requirements of a single currency though. We suppose the ultimate reason could be that economic policy in these countries was limited to the way-too-perfect application of basic macroeconomic textbook strategies. As a consequence, national governments lost all tools and willingness to resolve economic overheating in time. Besides listing a number of explanatory factors, we also make an attempt to draw theoretical conclusions that stretch beyond the scope of economic policy.

Suggested Citation

  • Csaba, László, 2008. "The new kind of macroeconomic populism," Public Finance Quarterly, Corvinus University of Budapest, vol. 53(4), pages 601-616.
    • Handle: RePEc:pfq:journl:v:53:y:2008:i:4:p:601-616
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    File URL: https://unipub.lib.uni-corvinus.hu/9167/
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