Why Austerity Can Be Self-Defeating for Member States of a Currency Union

Despite all efforts to reduce government budget deficits, debt-to-GDP ratios of crisis-hit member states of the European Monetary Union are still growing faster than expected. At the same time GDP growth performance is poor and according to most forecasts expected to worsen. In this paper I show that this is the likely outcome of austerity policy in member states of a currency union with overindebted private sectors

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Year of publication:	2017
Authors:	Maurer, Rainer
Publisher:	[2017]: [S.l.] : SSRN
Subject:	EU-Staaten \| EU countries \| Haushaltskonsolidierung \| Fiscal consolidation \| Eurozone \| Euro area \| Wirkungsanalyse \| Impact assessment \| Währungsunion \| Monetary union

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Extent:	1 Online-Ressource (8 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Intereconomics - Review of European Economic Policy Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 15, 2012 erstellt
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012956585