The economic crisis: How to stimulate economies without increasing public debt

Richard Wood, 31 August 2012

Quantitative easing and austerity have done little to stop the EZ's periphery economies sliding towards depression. Policy Insight No. 62 argues that new money creation can finance deficits without increasing public debt.

Download CEPR Policy Insight No. 32 here.

URL: http://www.cepr.org/pubs/PolicyInsights/CEPR_Policy_Insight_062.asp

Topics: Macroeconomic policy

Tags: global crisis, public debt, quantiative easing

Don't Miss

Learning the hard way. The effect of conflict on education

Di Maio, Brück

Is the road to hell paved with good intentions? Budget projections that miss the mark

Beetsma

A Blueprint for the Reconstruction of Ukraine. Rapid Response Economics 1

Eichengreen, Gorodnichenko, Rogoff

Events

14th International Conference of the European Society for Ecological Economics (PISA, 2022)

14 - 17 June 2022 / University of Pisa, Dep. Economics and Management / University of Pisa, Dep. Economics and Management
European Research Workshop in International Trade (ERWIT) 2022

22 - 24 June 2022 / Lucca, Italy /
Warwick Pre-University Summer School 2022

5 - 15 July 2022 / Warwick/Coventry / University of Warwick
INDIA POLICY FORUM 2022 : Call for Papers

11 - 13 July 2022 / / National Council of Applied Economic Researach (NCAER)
VSFX 2022

22 - 23 August 2022 / Palais Coburg, Vienna, Austria / WU Vienna University of Economics and Business Research Institute for Capital Markets (ISK)

CEPR Policy Research

Homeownership of immigrants in France: selection effects related to international migration flows

Gobillon, Solignac
Climate Change and Long-Run Discount Rates: Evidence from Real Estate

Giglio, Maggiori, Stroebel, Weber
The Permanent Effects of Fiscal Consolidations

Summers, Fatás
Demographics and the Secular Stagnation Hypothesis in Europe

Favero, Galasso
QE and the Bank Lending Channel in the United Kingdom

Butt, Churm, McMahon, Morotz, Schanz

Independent report on the Greek official debt

Eichengreen, Avgouleas, Poiares Maduro, Panizza, Portes, Weder di Mauro, Wyplosz, Zettelmeyer
Rebooting the Eurozone: Step 1 – Agreeing a Crisis narrative

Baldwin, Beck, Bénassy-Quéré, Blanchard, Corsetti, De Grauwe, den Haan, Giavazzi, Gros, Kalemli-Ozcan, Micossi, Papaioannou, Pesenti, Pissarides , Tabellini, Weder di Mauro
A world without the WTO: what’s at stake?

Baldwin, Nakatomi
The economics of insurance and its borders with general finance

Thimann
Maturity mismatch stretching: Banking has taken a wrong turn

Goodhart, Perotti

Search form

The economic crisis: How to stimulate economies without increasing public debt

Learning the hard way. The effect of conflict on education

Most Read

Blogs&Reviews

A New Era for Europe

Trade policy and deterring war: The case of Ukraine since the annexation of Crimea

Linking climate and social justice makes both harder

The effects of the ECB’s new inflation target on private households’ inflation expectations

The ECB’s tools: Transparency is needed

Vox eBooks

Prospects of the Global Economy after Covid-19

Vox Talks

The food crisis has no respect for borders

Don't Miss

Learning the hard way. The effect of conflict on education

Is the road to hell paved with good intentions? Budget projections that miss the mark

A Blueprint for the Reconstruction of Ukraine. Rapid Response Economics 1

Events

CEPR Policy Research

Search form

The economic crisis: How to stimulate economies without increasing public debt

Most Read

Blogs&Reviews

Vox eBooks

Vox Talks

Don't Miss

Events

CEPR Policy Research

Subscribe