The Dangers of Austerity in Europe and the U.S. Mark Weisbrot, Co-Director Center for Economic and Policy Research.

Slides:



Advertisements
Similar presentations
Americanprogress.org Adverse Impacts of State Fiscal Austerity Adam S. Hersh Economist, Center for American Progress July 20, 2011
Advertisements

A Latin American Success Story: Five Years of Extraordinary Economic Growth and Poverty Reduction in Argentina Mark Weisbrot April 12, 2007.
The Fiscal Austerity Trap: How Budget Deficit Hysteria Risks Sabotaging Growth & Creating Self-Fulfilling Budget Difficulties Thomas Palley New America.
In this activity, we will look at real life examples of structural adjustment programs. Then, you will decide whether you think each was a success or a.
Irelands Economic outlook David Duffy. The Outlook Dependent on world trade growth If forecast recovery materialises then Irish growth will improve in.
Wells Fargo Economics Navigating the Aftermath Scott Anderson, Ph.D. Vice President | Senior Economist U.S. Outlook Durango, Colorado Friday, January 8,
On the Brink of Default – The Greek Economy Tutor2u September 2011.
Europe: the uneven recovery* Leszek Balcerowicz Warsaw School of Economics Visiting fellow at The Hoover Institution Hoover Presentation, October 14,
2015 Texas Economic Outlook: Tapping on the Brakes Keith Phillips Sr. Economist and Research Officer The views expressed in this presentation are strictly.
WESP Update per Mid-2012 Darkening skies over the world economy New York, 7 June 2012 WESP Update per Mid-2012 Darkening skies over the world economy New.
Economic Outlook Phoenix Chamber of Commerce Economic Outlook Breakfast September 30, 2011 Beckie Holmes Diretor, Marketing Science, Cox Communications.
Euro Challenge 2013 Delegation of the European Union to the United States The euro crisis: an update.
The Vermont Economy Newsletter - January 8, 2010 What Kind of Recovery? Vermont’s Economy in 2010 By Richard Heaps.
Introduction to Business © Thomson South-Western ChapterChapter Economic Activity Measuring Economic Activity Economic Conditions Change.
The Fiscal Cliff—Lessons from the 1930s Steve Keen
June 3-6, 2013 Eurodad-Glopolis International Conference Prague1 Debt crisis, default, and beyond: the Argentine experience Alan Cibils Political Economy.
THE DEBT CRISIS AND ITS IMPLICATIONS Dai Bingran Centre for European Studies Fudan University.
The Global Economic Crisis: Born in the USA I.The Economic Crisis is a U.S. Debt Crisis II.The Effects of the Debt Crisis III.The New Form of Debt.
2010 National Outlook Phoenix Chamber of Commerce 2010 Economic Outlook September 30, 2009 Beckie Holmes Director of Market Intelligence, Cox Communications.
The Obama Presidency I.The Obama Vote II.The Economic Crisis III.Obama’s Domestic Policies.
Macroeconomic Policy in the Eurozone: Are There Alternatives to Slow Growth and High Unemployment? Mark Weisbrot, Co-Director Center for Economic and Policy.
The U.S. economy is currently in a recession. 1.True 2.False.
Macroeconomic Policy in the Eurozone: Are There Alternatives to Slow Growth and High Unemployment? Mark Weisbrot, Co-Director Center for Economic and Policy.
C A U S E S International factors: -Increased Access to Capital at Low Interest Rates -Heavily borrow -Access to artificially cheap credit -Global finance.
“Credit Card Maxed Out”? How UK debt statistics have been misrepresented Howard Reed Landman Economics Radical Statistics Conference 24 February 2012.
DALE T. MORTENSEN BERGAMO CONFERENCE JUNE 18, 2013 The Real EU Crisis: Youth Unemployment.
Austerity in the Eurozone: It’s Not Working Mark Weisbrot Center for Economic and Policy Research
February 2009Prof. Rafi Melnick The Herzliya Conference The Economic Dimension 2009 Prof. Rafi Melnick Provost, Interdisciplinary Center (IDC) Herzliya.
Glossary of Key Terms business cycle. A cycle of economic activity with periods called contraction, trough, recovery, and peak. collusion. When companies.
Estonia Another crises country. Background and History Details of the relevant history, pertinent to its economic condition. Position of the.
ECONOMIC UPDATE: WHERE ARE WE, AND WHAT’S NEXT? Heidi Shierholz Economist, Economic Policy Institute May 5 th, National Conference of the National.
Gender Equality and the Economic Crisis Diane Elson IDRC/SID-OG meeting Ottawa 27 November 2008.
Global Economic Outlook The Great Recession and Recovery Stephan S. Thurman, PhD Bureau for Economic, Energy, and Business Affairs for Wichita State University,
Applied Macroeconomics Professor Martin Gilman CLASS # 9 30 October 2012.
The Causes and Cures of the Economic Crisis Dean Baker, Co-Director Center for Economic and Policy Research September 14-15, 2011.
WOMEN IN RECESSION AND RECOVERY IWPR Roundtable May 11, 2011 Eileen Appelbaum Center for Economic and Policy Research.
TRMG It’s Getting Brighter, Really, It’s Getting Brighter Tales from the Recovery of 2009 Dr. Chris Kuehl Managing Director Armada Corporate.
National Institute of Economic and Social Research How to pay for the crisis Ray Barrell February 2010 NIESR.
Whither the Middle Class? Jared Bernstein Economic Policy Institute
Britt Fair December 15, 2011 Real Estate 2012: More Uncertainty.
Presented to 2009 Tennessee Federal Tax Conference William F. Fox, Director Center for Business and Economic Research The University of Tennessee, Knoxville.
UTAH’S CURRENT ECONOMIC OVERVIEW April 2014 Mark Knold Supervising Economist Utah Department of Workforce Services.
Growing National Debt Should we be worried?. Federal Deficit Federal Debt Leads to a larger $16.7 Trillion.
Federal Deficit Federal Debt Leads to a larger $15.4 Trillion.
Probably not Professor Phil Powell 19 September 2014 The Alliance.
Review of U.S. Economy. Review of Macro Concepts Unemployment (Ch. 7) Inflation (Ch. 7) GDP (Ch. 8) Economic growth & determinants (Ch. 9) Money, central.
September 2011 The Israeli Economy. GDP ($Billion) 218 Population (7/2011, Million) 7.8 GDP per capita ($) 28,575 Foreign Trade (% of GDP) 74% Total Exports.
Georgia’s Revenue Outlook Joint Appropriations Committees January 21, 2009 Ken Heaghney Office of Planning & Budget Georgia State University – Fiscal Research.
Building Industry Association Economic Update Rick Harper, Ph.D. UWF Office of Economic Development and Engagement January 12, 2012.
BUREAU OF BUSINESS RESEARCH BALL STATE UNIVERSITY Center for Business and Economic Research BALL STATE UNIVERSITY East Central Indiana’s Economy June 8,
Macroeconomic Issues The Great Recession: GDP begins to drop Shaded area = recession.
Economic and Social Rights from A Feminist Political Economy Perspective: An introduction Savi Bisnath, PhD International Consultant Visiting Scholar,
The U.S. Economy, 2007 – Today: Collapse, Stimulus, Austerity, “Recovery” Robert Pollin Department of Economics and Political Economy Research Institute.
Econ 322 Group Project BY KHANH NGUYEN AND LIAM JOUETT.
Chapter 3 Key Terms. Gross Domestic Product (GDP) The total value of the goods and services produced in a country in a given year.
Fiscal Policy, Deficits, and Debt 30 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
US Economy Forecast 2013, 2014 Till Schreiber College of William & Mary September 26 th 2013 Nafa Annual Convention, Savannah, GA.
Why is Government Debt in Japan so Great?. Content  Background information about Japan  Japan´s main problems  Conclusion.
Macroeconomic Framework Long-Run Economic Behavior  Potential GDP : trend GDP  Determined by productivity & normal trend in hours worked  Factors.
After the Fiesta – The Spanish Economy in Trouble Tutor2u Economics – February 2009.
Overview of the EU Economy in Summary from Economist February 18, 2016.
Introduction to Business Mrs. A. Measuring Economic Activity Economic indicators Economic indicators – important data or statistics that measure economic.
Fiscal Policy Economics Mr. Bordelon.
Economic Policy Division
1. Business Cycle Gross Domestic Product 2. Peak Consumer Price Index
Unemployment What I need to know: What is unemployment?
STUDENT NOTES – 4 CH. 5 MEXICO
Greek Crisis and Private Sector
Macroeconomic Performance:
The Great Recession: GDP begins to drop
Presentation transcript:

The Dangers of Austerity in Europe and the U.S. Mark Weisbrot, Co-Director Center for Economic and Policy Research

Austerity & GDP Growth

Austerity & Jobs

Myth: The US is just a bystander in Europes austerity Truth: We have power at the IMF.

Unlike Greece, the U.S. debt crisis is manufactured Short term deficit is due to recession – revenues fall and spending increases – and weak recovery Long term deficit is due to health care spending (driven by private sector health care costs

Real crisis is 25 million unemployed, involuntarily working part-time, or dropped out of labor force U.S. needs further stimulus, job sharing, and other measures to get unemployment back to normal levels; health care reform to eliminate long term deficit

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.