Incomplete crisis response : socio-economics costs and policy implications
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This article examines the perverse effects of incomplete crisis responses. Initial emphasis on the role of government – through coordinated fiscal measures to stimulate the economy, cushion job losses and support vulnerable groups – was effect- ive in averting another Great Depression, despite widening public deficits. However, a policy mistake was made by bailing out banks without reforming the dysfunctional financial system that triggered the crisis: concern over the financial markets’ reaction to growing public indebtedness has shifted policy towards a more traditional, market- oriented approach focusing on fiscal consolidation, smaller government and weak social protection. The risks are greater inequities and economic instability. |
No. Panggil : | ILR 149 (2) 2010 |
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ISSN : | 00207780 |
Majalah/Jurnal : | International Labour Review 149 (2) June 2010 p. 227-237 |
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Institusi Pemilik : | Perpustakaan Universitas Indonesia |
Lokasi : | Perpustakaan UI, lantai 4. (R. Koleksi Jurnal) |
No. Panggil | No. Barkod | Ketersediaan |
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ILR 149 (2) 2010 | TERSEDIA |
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Tidak ada ulasan pada koleksi ini: 20427913 |