A experiência irlandesa nesta crise, interessa-nos. Por exemplo, veja-se o que se propõe em The Irish Economy » Blog Archive » Mis-Diagnosis:
"Outside the monetary union, other countries are undertaking currency depreciation to achieve real devaluation. The equivalent for Ireland is to reduce domestic wages and prices. Since aggregate inflation is low in the euro area, a reduction in Ireland’s relative wage and price level requires nominal reductions. While this is uncharted territory, real devaluation by this method should parallel the gains obtained by those countries that achieve the same outcome through nominal depreciation outside the currency union".
"Outside the monetary union, other countries are undertaking currency depreciation to achieve real devaluation. The equivalent for Ireland is to reduce domestic wages and prices. Since aggregate inflation is low in the euro area, a reduction in Ireland’s relative wage and price level requires nominal reductions. While this is uncharted territory, real devaluation by this method should parallel the gains obtained by those countries that achieve the same outcome through nominal depreciation outside the currency union".
Noutro sentido, isto que é dito a seguir:
"For such reasons, I consider that those who advocate an ‘off the shelf’ Keynesian prescription [...] do not have a correct diagnosis of Ireland’s current economic and fiscal situation. The standard Keynesian prescription is appropriate if an economy on a sustainable growth path and with sustainable public finances has been temporarily knocked off course by a demand slump. For the reasons given above, this is not the situation in Ireland" vem validar o referido aqui, ao fim.
"For such reasons, I consider that those who advocate an ‘off the shelf’ Keynesian prescription [...] do not have a correct diagnosis of Ireland’s current economic and fiscal situation. The standard Keynesian prescription is appropriate if an economy on a sustainable growth path and with sustainable public finances has been temporarily knocked off course by a demand slump. For the reasons given above, this is not the situation in Ireland" vem validar o referido aqui, ao fim.
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