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Abstracts
This paper showcases a review of recent approaches towards the state role in the post-crisis economy. The background for the analysis is the support and austerity paradox. A state is supposed to stabilise the economy, stimulate growth and prevent abuses by better supervision, and at the same time to reduce the burden on society by slashing debt. A survey of the selected literature shows that the financial turbulence and recent economic downturn call for more state presence in market processes. There is a rationale behind such interventions, although, given the risks involved, a balanced and prudent approach is required. Recommendations in this respect have been formulated.
Journal
Year
Issue
Pages
491-503
Physical description
Dates
published
2015-06-15
Contributors
author
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.ojs-doi-10_14746_rie_2015_9_29
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