Djankov, Simeon, (2016), “Is Europe spending too much?”, LSE Europpblog, 28 July
Yes, it is, according to Simeon Djankov. He notes that public expenditures had risen to dangerously high levels in some Southern and Western European countries even prior to the eurozone crisis and argues that the European Central Bank’s loose monetary policy since 2012 has provided public sectors with little incentive to modernise. This, in turn, may be helping to fuel Eurosceptic rhetoric.
- Palley, Thomas, (2016), “Financing Vs. Spending Unions: How To Remedy The Euro Zone’s Original Sin“, Social Europe, 14 July
- Barnichon, Régis, Matthes, Christian, (2016), “Understanding the Size of the Government Spending Multiplier: It’s in the Sign”, Centre for Economic Policy Research, July