Baltic Austerity-the New False Hope
AbstractIreland was at one time the poster child for fiscal austerity, but that country’s disappointing economic performance of late has left austerity apologists searching for a new model—and the Baltic economies appear to be next in line. But Estonia, Latvia, and Lithuania are as unsuited to stand as successful models of expansionary fiscal contraction and "internal devaluation" as their Irish predecessor.
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Bibliographic InfoPaper provided by Levy Economics Institute in its series Economics One-Pager Archive with number op_32.
Date of creation: Jun 2012
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Web page: http://www.levyinstitute.org
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-10-20 (All new papers)
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