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Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

Zhang-Rauch (p. 64-70)

Alam-Yasin (p. 71-78)

Mattare-Monahan-Shah (p. 79-94)

Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF APPLIED BUSINESS AND ECONOMICS

Auctioning Miro to Balance the Budget: A Case Study in Balancing Portugal’s Budget and

Retaining Cultural Value

Author(s): Jeremy J. O’Connor

Citation: Jeremy J. O’Connor, (2017) "Auctioning Miro to Balance the Budget: A Case Study in Balancing Portugal’s Budget and Retaining Cultural Value," Journal of Applied Business and Economics, Vol. 19, Iss.4,  pp. 54-64

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This paper analyses Portugal’s 2014 national debt crisis and the proposed sale of a state-owned Miro collection in the context of three paradigms of national deficit and debt, i.e., deficit hawks, deficit doves, and functional finance. Through this analysis, the paper directly applies three prominent and influential, but widely differing views of national debt in the context of a decision that has important economic and social implications. By analyzing the proposed sale through the three paradigms of deficit and debt, the paper reveals not only the social, but also the economic cost that can be incurred with important policy decisions.