Tagged with: multipliers
Multipliers
Michael Burke 27/09/2010
Michael Burke: One of the key ways in which fiscal stimulus package have worked in the Euro Area- and the reason why the Irish government's policy has failed so disastrously- is the existence of fiscal multipliers. The measure of that success is that Spain has halved its budget deficit this year on foot of the largest investment package in the EU. …
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Paul Sweeney is former Chief Economist of the Irish Congress of Trade Unions. He was a …
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