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Projeto de graduação_42639 | 1.22 MB | Adobe PDF |
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Abstract(s)
O presente trabalho analisa comparativamente as abordagens das escolas austríaca e keynesiana em resposta ao ciclo recessivo suscitado pela crise do subprime, com enfoque nos casos particulares de Chipre, Irlanda e Portugal. Procede-se a uma análise qualitativa, assente num estudo descritivo com base em revisão de literatura e observação de dados estatísticos recolhidos junto do Eurostat, para o período 2008-2013. Inicia-se com a explicitação da crise do subprime e os seus efeitos na economia da União Europeia, nomeadamente, o ciclo recessivo que provocou. De seguida, apresenta-se a resposta por parte dos Estados-Membros ao contexto recessivo e os respetivos impactos nas economias, culminando na crise das dívidas soberanas. São analisados os resgates financeiros a Chipre, Irlanda e Portugal e averigua-se a conformidade das políticas orçamentais adotadas aquando do resgate na perspetiva das escolas austríaca e keynesiana.
This paper makes a comparative analysis of the approaches of the Austrian and Keynesian schools in response to the recessionary cycle caused by the subprime crisis, focusing on the particular cases of Cyprus, Ireland and Portugal. This is a qualitative analysis, based on a descriptive study based on a literature review and observation of statistical data collected from Eurostat for the period 2008-2013. It begins by explaining the subprime crisis and its effects on the European Union economy, namely the recessionary cycle it caused. The response of member states to the recessionary context and its impact on their economies is then presented, culminating in the sovereign debt crisis. The financial bailouts of Cyprus, Ireland and Portugal are analyzed and the conformity of the fiscal policies adopted at the time of the bailout is examined from the perspective of the Austrian and Keynesian schools.
This paper makes a comparative analysis of the approaches of the Austrian and Keynesian schools in response to the recessionary cycle caused by the subprime crisis, focusing on the particular cases of Cyprus, Ireland and Portugal. This is a qualitative analysis, based on a descriptive study based on a literature review and observation of statistical data collected from Eurostat for the period 2008-2013. It begins by explaining the subprime crisis and its effects on the European Union economy, namely the recessionary cycle it caused. The response of member states to the recessionary context and its impact on their economies is then presented, culminating in the sovereign debt crisis. The financial bailouts of Cyprus, Ireland and Portugal are analyzed and the conformity of the fiscal policies adopted at the time of the bailout is examined from the perspective of the Austrian and Keynesian schools.
Description
Projeto de Graduação apresentado à Universidade Fernando Pessoa como parte dos requisitos para obtenção do grau de Licenciado em Ciência Política e Relações Internacionais.
Keywords
Ciclo recessivo Subprime Escola austríaca Escola keynesiana Resgates financeiros Recessionary cycle Austrian school Keynesian school Financial bailouts