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英国伦敦商学院论文代写:紧缩政策

在主权债务危机和财政赤字日益扩大的情况下,紧缩政策正变得越来越受欢迎。它的主要原因可能是由于超支和管理不善的投资由政府来平衡通货膨胀和通货紧缩。希腊没有自己的货币,但这并不能阻止该国建立有效的治理模式来控制失业和工资。克鲁格曼的失业和工资方面的危机的观察是值得赞扬的,因为他提出了两个可能的计划,该国可以使用。
根据克鲁格曼的说法,A计划包含了更低的工资和更高的失业率。这个计划是痛苦的,因为当失业率上升时,商品和服务的价格下降,这不是问题的答案。相反,该计划可以通过注入悲观的市场前景和降低市场信心来升级问题。如果长期存在的失业率真的会造成经济混乱,经济前景恶化,并会引起欧元国家和非欧元国家的财政援助排斥。布兰查德和加利(2007)认为,通胀是恒定的时候有多个缺陷的最优经济政策尤其是。这在很大程度上适用于希腊,因为在克鲁格曼提出的两个计划之间,中间路线是一个平衡的通货膨胀水平,这将支持经济。克鲁格曼的计划是很难实施的,更不用说维持它,消化公民的压迫了。即使紧缩措施是首要的要求,也需要迅速申请,这个计划是不适合的。
B计划更符合经济的大利益,因为当失业率不是极端的,并保持在工资水平上升的水平时,就可以看到平衡通货膨胀的中间路径。然而,作者没有提出任何积极的措施,该国可以用来遏制日益恶化的情况。例如,如果紧缩措施只会触及那些非必需的消费品,那么该国公民的反应可能会更加积极。

英国伦敦商学院论文代写:紧缩政策

Austerity drives are becoming popular in times of sovereign debt crisis and widening fiscal deficits. The primary reason for it could be attributed to overspending and mismanagement of investments by the government to balance inflation and deflation. Greece does not have its own currency, but that does not stop the country from creating effective governance model to control unemployment and wages. Krugman’s observation of the crisis in terms of unemployment and wages is commendable as he proposes two possible plans which the country could have used.
Plan A, according to Krugman, contains a lower wage and higher unemployment. This plan is pain laden because when unemployment is higher, prices of goods and services go down, and this is not the answer to the problem. Rather the plan can escalate the problem by infusing pessimistic outlook in the market and diminishing market confidence. Unemployment rates if existent for a prolonged period can really create economic turmoil in a way that the economic outlook will deteriorate and cause repulsion of finance aid from Euro countries and non-Euro ones. Blanchard and Gali (2007) suggest that constant inflation is the optimal policy especially in times when there are multiple imperfections in the economy. This applies to Greece to a greater extent, because in between the two plans proposed by Krugman, the middle path is a balanced inflation level which would support the economy. Krugman’s plan A is a difficult one to implement, let alone maintain it and digest the oppression of citizens. This plan is not suitable even if the austerity measures are the foremost requirement and requires hurried application.
Plan B is rather in the larger interest of the economy, because when unemployment is not extreme and kept at a level from wages from rising, it could be seen more towards the middle path of balanced inflation. The author, however, did not suggest any active measures for the country which could be used to contain the worsening situation. For example, if the austerity would have touched only those spending items which are non-essential, the response from the country’s citizens could have been more positive.