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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 austerity, internal devaluation, Jeffrey Sommers, Latvia, Latvia austerity, michael hudson
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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 austerity, deflation, demand, devaluation, inflation, Latvia, Mark Weisbrot, Rebecca Ray, stimulus
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