When Austerity Didn't Work: A Case Study of Greece
Thesis title: | When Austerity Didn't Work: A Case Study of Greece |
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Author: | Stamatiadis, Andreas |
Thesis type: | Bachelor thesis |
Supervisor: | Chytilová, Helena |
Opponents: | Prokop, Jaromír |
Thesis language: | English |
Abstract: | The aim of this thesis is to evaluate the austerity measures implemented by Greece during the Eurozone sovereign debt crisis. After providing information on the structural deficiencies of the Greek economy and how they created the crisis and affect economic growth, this thesis provides academic literature and empirical research on the austerity effects on the Greek economy and the Greek people. Furthermore, it criticizes austerity and the fallacies of the IMF, while also debating the Keynesian and supply-side approaches. The results show that albeit remarkable achievements in fiscal consolidation, austerity caused an ongoing recession, while failing to tackle existing structural problems of the Greek economy and increasing regional inequalities and deterioration of the Greek peoples physical and mental health. |
Keywords: | fiscal multipliers ; IMF; Greek crisis; austerity |
Thesis title: | When Austerity Didn’t Work: A Case Study of Greece |
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Author: | Stamatiadis, Andreas |
Thesis type: | Bakalářská práce |
Supervisor: | Chytilová, Helena |
Opponents: | Prokop, Jaromír |
Thesis language: | English |
Abstract: | The aim of this thesis is to evaluate the austerity measures implemented by Greece during the Eurozone sovereign debt crisis. After providing information on the structural deficiencies of the Greek economy and how they created the crisis and affect economic growth, this thesis provides academic literature and empirical research on the austerity effects on the Greek economy and the Greek people. Furthermore, it criticizes austerity and the fallacies of the IMF, while also debating the Keynesian and supply-side approaches. The results show that albeit remarkable achievements in fiscal consolidation, austerity caused an ongoing recession, while failing to tackle existing structural problems of the Greek economy and increasing regional inequalities and deterioration of the Greek peoples physical and mental health. |
Keywords: | Greek crisis; austerity; IMF; fiscal multipliers |
Information about study
Study programme: | Ekonomie a hospodářská správa/Economics |
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Type of study programme: | Bakalářský studijní program |
Assigned degree: | Bc. |
Institutions assigning academic degree: | Vysoká škola ekonomická v Praze |
Faculty: | Faculty of Economics |
Department: | Department of Economics |
Information on submission and defense
Date of assignment: | 24. 4. 2016 |
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Date of submission: | 7. 9. 2016 |
Date of defense: | 8. 9. 2016 |
Identifier in the InSIS system: | https://insis.vse.cz/zp/57437/podrobnosti |