References
- Alesina, A. 2010. “ Fiscal Adjustments: Lessons from Recent History.” Ecofin. Accessed August 2017. http://scholar.harvard.edu/alesina/publications/fiscal-adjustments-lessons-recent-history.
- Ball, L. 2014. “Long-Term Damage from the Great Recession in OECD Countries”. European Journal of Economics and Economic Policies: Intervention 11 (2):149–60. doi:10.4337/ejeep.2014.02.02.
- Blanchard, O., and D. Leigh. 2013. “ Growth Forecast Errors and Fiscal Multipliers.” Working Paper 13/1, International Monetary Fund.
- Blot, C., M. Cochard, J. Creel, B. Ducoudré, D. Schweisguth, and X. Timbeau. 2014. “Fiscal Consolidation in Times of Crisis: Is the Sooner Really the Better?” Revue de l’OFCE/Debates and Policies 132:159–92. doi:10.3917/reof.132.0159.
- Corsetti, G., A. Meier, and G. J. Müller. 2012. “What Determines Government Spending Multipliers?” Economic Policy 27 (72):521–65. doi:10.1111/j.1468-0327.2012.00295.x.
- Dodig, N., and H. Herr. 2014. “Current Account Imbalances in the EMU: An Assessment of Official Policy Responses.” Panoeconomicus 62 (2):193–216. ( Special Issue). doi:10.2298/pan1502193d.
- European Central Bank (ECB). 2016. “Low Interest Rates and Households’ Net Interest Income.” Economic Bulletin 4:38–40.
- European Commission. 2016a. “ Towards a Positive Fiscal Stance for the Euro Area.” COM (2016) 727 final. https://ec.europa.eu/info/sites/info/files/2017-european-semestercommunication-fiscal-stance_en_1.pdf.
- European Commission. 2016b. “ Commission opinion on the Draft Budgetary Plan of Spain.” C(2016) 8005 final. https://ec.europa.eu/info/sites/info/files/file_import/es_2016-11-16_co_en_1.pdf.
- European Council. 2008. “ Conclusions of the Presidency.” Accessed December 11–12 2008. https://www.cvce.eu/en/obj/conclusions_of_the_brussels_european_council_11_and_12_december_2008-en-b02d5dbf-2a6f-40e1-9fc6-d00c59e11e0e.html.
- European Council. 2016. “ Council Decision Giving Notice to Spain to Take Measures for the deficit Reduction Judged Necessary in Order to Remedy the Situation of Excessive Deficit.” Accessed August 2016. http://ec.europa.eu/economy_finance/economic_governance/sgp/pdf/30_edps/126-09_commission/2016-07-27_es_126-9_commission_recommendation_en.pdf.
- Feigl, G., and A. Truger. 2015. “ The Golden Rule of Public Investment. Protecting Fiscal Leeway and Public Infrastructure in the EU.” Brussels. Policy Brief 12/2015, European Trade Union Institute.
- Gerchert, S., and A. Rannenberg. 2014. “ Are Fiscal Multipliers Regime-Dependent? A Metaregression Analysis.” Dusseldorf. Working Paper 139, IMK.
- Godar, S., C. Paetz, and A. Truger. 2014. “Progressive Tax Reform in OECD Countries. Opportunities and Obstacles.” International Journal of Labour Research 6 (1):95–111.
- Hall, R. E. 2009. “By How Much does GDP Rise if the Government buys more Output?” Brookings Papers on Economic Activity 40 (2):183–249. doi:10.1353/eca.0.0069.
- Hein, E., and D. Detzer. 2015. “Post-Keynesian Alternative Policies to Curb Macroeconomic Imbalances in the Euro Area.” Panoeconomicus 62 (2):217–36. doi:10.2298/pan1502217h.
- International Monetary Fund. 2012a. “ World Economic Outlook.” Accessed April 2012. http://www.imf.org/external/pubs/ft/weo/2012/01/.
- International Monetary Fund. 2012b. “ World Economic Outlook.” Accessed October 2012. http://www.imf.org/external/pubs/ft/weo/2012/02/.
- International Monetary Fund. 2015 Spain, IMF Country Report no. 5/233. http://www.imf.org/en/Publications/CR/Issues/2016/12/31/Spain-Selected-Issues-43192.
- International Monetary Fund. 2016. “ World Economic Outlook.” Accessed October 2016. http://www.imf.org/external/pubs/ft/weo/2016/02/.
- International Monetary Fund. 2017. “ What Has Been Driving the Recovery?” Spain, IMF Country Report No. 17/23. 2017. http://www.imf.org/en/Publications/CR/Issues/2017/01/30/Spain-2016-Article-IV-Consultation-Press-Release-Staff-Report-Informational-Annex-Staff-44599.
- Karagounis, K., D. Syrrakos, and J. Simister. 2015. “The Stability and Growth Pact, and Balanced Budget Fiscal Stimulus: Evidence from Germany and Italy.” Intereconomics. Review of European Economic Policy 50 (1):32–39. doi:10.1007/s10272-015-0522-6.
- Martínez, J., and I. Zubiri. 2014. “Los Multiplicadores de la Política Fiscal en España.” Papeles de Economía Española 139:174–98.
- Mitchell, W. 2015. “ Is MMT Applicable to the Eurozone?” Accessed August 2017. http://bilbo.economicoutlook.net/blog/?p=32284.
- Mitchell, W. 2016. Eurozone Dystopia: Groupthink and Denial on a Grand Scale. Cheltenham: Edward Elgar.
- Mourre, G., G.-M. Isbasoiu, D. Paternoster, and M. Salto. 2013. “The Cyclically-Adjusted Budget Balance used in the EU Fiscal Framework: An Update.” Directorate General for Economic and Financial Affairs, Brussels. In Economic Papers, vol. 478. European Commission.
- Muñoz de Bustillo, R. 2014. “Questioning the Myth of Expansionary Austerity: European Macroeconomic Policy During the Crisis and its Aftermath.” In The Economic Crisis and Governance in the European Union. A Critical Assessment, edited by Javier Bilbao, 114–33. London: Routledge.
- Orsini, K. 2015. “The Contraction of Imports in Spain: A Temporary Phenomenon?” ECFIN Country Focus 12 (2):1–8.
- Pianta, M., M. Lucchese, and L. Nascia. 2016. What is to be Produced? The Making of a New Industrial Policy for Europe. Brussels: Rosa Luxemburg Stiftung.
- Rosnick, D., and M. Weibstrot. 2013. Policy Alternatives for a Return to Full Employment in Spain. Washington, DC: Center for Economic and Policy Research.
- Sawyer, M. 2011. “Progressive Approaches to Budget Deficits.” In Stabilising an Unequal Economy? Public Debt, Financial Regulation, and Income Distribution, edited by Torsten Niechoj, Özlem Onaran, Engelbert Stockhammer, Achim Truger, and Till van Treeck. Marburg: Metropolis.
- Sawyer, M. 2013a. “The Contradictions of Balanced Structural Government Budgets.” In From Crisis to Growth? The Challenge of Imbalances and Debt, edited by Hansjörg Herr, Torsten Niechoj, Claus Thomasberger, Achim Truger, and Till van Treeck. Marburg: Metropolis.
- Sawyer, M. 2013b. “Alternative Economic Policies for the Economic and Monetary Union.” Contributions to Political Economy 32:11–27. doi:10.1093/cpe/bzt005.
- Schneider, F. 2012. “ Size and Development of the Shadow Economy of 31 European and 5 other OCDE Countries from 2003 to 2012: Some New Facts.” Accessed August 2017. http://www.econ.jku.at/members/Schneider/files/publications/2012/ShadEcEurope31_March%202012.pdf.
- Semmler, W., and A. Haider. 2016. “ The State of the Business Cycle, Financial Fragility and the Multiplier.” Paper presented at the Symposium “How to reform the Euro Zone architecture”, IMK, Berlin, November 25–26.
- Stiglitz, J. 2016. The Euro: How a Common Currency Threatens the Future of Europe. New York: Norton.
- Stockhammer, E. 2016. “Neoliberal Growth Models, Monetary Union and the Euro Crisis. A Post-Keynesian Perspective.” New Political Economy 21 (4):365–79. doi:10.1080/13563467.2016.1115826.
- Stockhammer, E., C. Constantine, and S. Reissl. 2016. “ Explaining the Euro Crisis: Current Account Imbalances, Credit Booms and Economic Policy in Different Economic Paradigms.” Working Paper No. 1617, Post Keynesian Economics Study Group, November. http://www.postkeynesian.net/downloads/working-papers/PKWP1617.pdf.
- Truger, A. 2015. “The Fiscal Compact, Cyclical Adjustment and the Remaining Leeway for Expansionary Fiscal Policies in the Euro Area.” Panoeconomicus 62 (2):157–75. doi:10.2298/pan1502157t.
- Truger, A. 2016. “ The Golden Rule of Public Investment—A Necessary and Sufficient Reform of the EU Fiscal Framework?” Working Paper No. 168, Dusseldorf, IMK.
- Uxó, J., and I. Álvarez. 2017. “Is the End of Fiscal Austerity Feasible in Spain? An Alternative Plan to the Current Stability Programme (2015–2018).” Cambridge Journal of Economics 41999–1020. (41):999–1020. doi:10.1093/cje/bew069.
- Uxó, J., and J. Paúl. 2011. “The Reform of the Economic Governance of the Eurozone: Macroeconomic Supervision and Coordination.” International Journal of Public Policy 7 (4–6):205–25. doi:10.1504/ijpp.2011.043563.
- Uxó, J., J. Paúl, and E. Febrero. 2011. “Current Account Imbalances in the Monetary Union and the Great Recession: Causes and Policies.” Panoeconomicus 5 (Special Issue):571–72. doi:10.2298/pan1105571u.
- Wren-Lewis, S. 2011. “Lessons from Failure: Fiscal Policy, Indulgence and Ideology.” National Institute Economic Review 217 (1):31–36. doi:10.1177/0027950111420919.