Tag Archives: Latvia

Why Latvia’s Austerity Model Can’t Be Exported

by Michael Hudson and Jeffrey Sommers, New Economic Perspectives Austerity’s advocates depict Latvia as a plucky country that can show Europe the way out of its financial dilemma – by “internal devaluation”, or slashing wages. Yet few of the enthusiastic … Continue reading

Posted in Eurozone, macroeconomics | Tagged , , , , , | Comments Off

Latvia’s Internal Devaluation: A Success Story?

by Guest Authors Mark Weisbrot, an economist and Co-Director of the Center for Economic and Policy Research (CEPR), in Washington, D.C. – Full bio here; and Rebecca Ray, Research Associate, CEPR – LinkedIn bio here. Executive Summary Advocates of an … Continue reading

Posted in macroeconomics | Tagged , , , , , , , , | Comments Off