Showing 1 - 6 of 6
Beyond secular stagnation
Business, Joseph Stiglitz, Published on 08/09/2018
» The term "secular stagnation" became popular in the United States as World War II was drawing to a close. Economist Alvin Hansen (and many others) worried that, without the stimulation provided by the war, the economy would return to recession or depression. There was, it seemed, a fundamental malady.
What's Holding Back the World Economy?
Business, Joseph Stiglitz, Published on 15/02/2016
» Seven years after the global financial crisis in 2008, the world economy continued to stumble in 2015. According to the UN report "World Economic Situation and Prospects 2016", the average growth rate in developed economies has declined by more than 54% since the crisis. Some 44 million people are unemployed in developed nations, about 12 million more than in 2007, while inflation has reached its lowest level since the crisis.
Europe bombards Greek democracy
News, Joseph Stiglitz, Published on 02/07/2015
» The crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: It is about power and democracy much more than money and economics.
Solidarity key to Europe's future
News, Joseph Stiglitz, Published on 09/06/2015
» European Union leaders continue to play a game of brinkmanship with the Greek government. Greece has met its creditors' demands far more than halfway. Yet Germany and Greece's other creditors continue to demand that the country sign on to a programme that has proven to be a failure, and that few economists ever thought could, would, or should be implemented.
Greece didn't fail, but the EU's debt moralising did
News, Joseph Stiglitz, Published on 06/02/2015
» When the euro crisis began a half-decade ago, Keynesian economists predicted that the austerity that was being imposed on Greece and the other crisis countries would fail. It would stifle growth and increase unemployment — and even fail to decrease the debt-to-GDP ratio.
ECB's stance on Greece is 'peculiar'
News, Joseph Stiglitz, Published on 08/02/2012
» Nothing illustrates better the political crosscurrents, special interests and shortsighted economics now at play in Europe than the debate over the restructuring of Greece's sovereign debt.