The Stability and Growth Pact, and Balanced Budget Fiscal Stimulus: Evidence from Germany and Italy

Enhancing the online decision-making process by using augmented reality: A two country comparison of youth markets

“…Since cultural settings might affect people usage and adoption of new technologies (Choi and Totten, 2012), the analysis focuses on a particular online technology (a system for virtual try-on glasses) involving a German and Italian sample. Due to the different fiscal policies, consumers' propensity to buy and different investments in R&D (Fassio, 2015;Karagounis et al, 2015), consumers in these countries might show different behaviours towards the online technologies for e-tailing: Qualitative cross country research points to convergence, but also divergence phenomena with regard to augmented reality applications developed on a global scale (Gautier et al, 2016).…”

Europe at a Crossroad

“…With Germany being the main export market for both France and Italy, and many Italian and French products homogenous and price sensitive, a 'small' Euro, that would have excluded Italy, would have provided her with an immense competitive advantage over France in case of a European recession. 24 The potential loss to French This decision had far-reaching implications that dramatically shaped the single currency's current form. Italy joining effectively meant that Belgium and Ireland could accede, as they managed to reduce their debt-to-GDP ratio in the second half of the 1990s.…”

Stability and Growth Pact: Too Young to Die, Too Old to Rock ‘n’ Roll

“…The Eurozone as a lender of last resort (Howarth and Quaglia 2016), mitigates moral hazard (Menguy 2010) while preserving the balance between fiscal stimulus and a balanced budget (Karagounis et al 2015) because "stringent rules" (Delors Report) for national fiscal governance are necessary for an efficient common monetary policy (Bofinger 2003). Implementing it in its current theoretical framework, the SGP regulates the legislation about the limits of fiscal deficit and sovereign debt (Eichengreen 1998), when with the Maastricht Treaty, a special procedure was established to ensure fiscal governance, imposing sanctions (Savage 2001).…”