IDEAS home Printed from https://ideas.repec.org/p/gpe/wpaper/14308.html
   My bibliography  Save this paper

Can conventional macroeconomic policies prevent persistent stagnation in the European Union?

Author

Listed:
  • Cozzi, Giovanni
  • McKinley, Terry
  • Michell, Jo

Abstract

This Policy Brief is the first of a series of three that explore progressive policies that could address the current economic dilemma of the European Union. This first one assumes a continuation of conventional macroeconomic policies together with a significant rise in capital investment. We give particular attention to Jean Claude Juncker’s announcement of an ambitious investment package, advertised to be financed by €300 billion over three years. Our macroeconomic modelling clearly shows that the scale of this plan when accompanied by continued reductions in government spending and revenue would not be sufficient to stave off secular stagnation throughout Europe.

Suggested Citation

  • Cozzi, Giovanni & McKinley, Terry & Michell, Jo, 2014. "Can conventional macroeconomic policies prevent persistent stagnation in the European Union?," Greenwich Papers in Political Economy 14308, University of Greenwich, Greenwich Political Economy Research Centre.
    • Handle: RePEc:gpe:wpaper:14308
    as

    Download full text from publisher

    File URL: http://gala.gre.ac.uk/id/eprint/14308/1/14308_Cozzi_Can_conventional_macroeconomic_policies_prevent_%28report%29_2014.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gpe:wpaper:14308. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nadine Edwards (email available below). General contact details of provider: https://edirc.repec.org/data/pegreuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.