Business Insider – A number of economists have recently argued that it’s a bad idea to reduce the value of the currency in an attempt to boost growth.
But is it really a bad thing to increase inflation in an effort to boost GDP?
According to a recent study, it’s not a good idea.
Economists at the University of Oxford, which is the world’s leading research university, recently conducted an economic analysis of how the eurozone has fared over the past two decades.
They looked at the rate of economic growth, inflation, and unemployment and concluded that economic conservatism is not the way to boost economic activity.
In their study, they examined data from six countries during the 1990s and 2000s, and they found that countries that did not adopt austerity measures during the crisis did not grow at the same rate as those that did.
The economists found that economic conservatives have actually grown the economy at slower rates than economic conservatives who adopted austerity measures.
And the study found that this is true regardless of the country’s current currency.
The study found the effect of economic conservatism in countries with higher levels of economic austerity is similar to the effects of monetary stimulus.
In other words, when a country is in a recession, it may feel like it’s in an economic depression, but it really isn’t, according to the authors.
In a news release about the study, economist Jonathan Ziegler said that “there is no single cause of economic weakness, but economic conservatism may be a useful way to keep a country’s economy on track.”
The report also found that, overall, the effects are small.
The study found countries with high levels of fiscal consolidation experienced negative growth.
The effect of austerity was more modest.
In some cases, the authors said, countries with strong economic conservatism had actually experienced positive growth, while countries with weak economic conservatism experienced negative expansion.
However, Ziegling said the study does not provide a definitive answer about why countries are in a particular state of economic hardship.
Economists may be looking for a different explanation, he said.
“This study only looks at one specific period in time and shows very little information about why a country in one period was doing better or worse than it was in the next period.
The data only tells us a few things, but there are a lot of things that could have contributed to this,” he said in a statement.