2 resultados para posture balance

em Archivo Digital para la Docencia y la Investigación - Repositorio Institucional de la Universidad del País Vasco


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[EUS] Artikulo honetan euskal isurialde atlantiarreko bi munitzipioetan martxan jarritako garapen lokaleko proiektuak aztertzen dira. Esperientzia horiek beherapen industrialean dagoen eskualde batean landa garapenak izan dezakeen egokitasunari buruz pentsatzera bultzatzen dute.

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The use of a contractive fiscal policy in times of crisis and austerity can lead to so many different opinion streams which can be, at the same time, very opposite with each other. The high budget deficit in some economies has forced the eurozone to implement austerity policies, meaning that the debate is now more alive than ever. Therefore, the aim of this paper is to analyze the effects of the implementation of a contractive policy during a crisis considering the case of Spain. The positive effects in financial markets were noticed due to the decrease of the risk premium and the payment of interests, and also thanks to the increase of trust towards Spain. This way, the reduction of the Spanish deficit was remarkable but in any case there is still a long path until reaching the limit of 3% of the GDP. Also, in the short run it is possible to see that the consolidation had contractive effects in the economic activity but, in the long run, the debate is among the defenders of the fact that austerity is followed by a growing period and the ones opposing to it due to the drowning effect produced by it.