McMenamin, Iain; Breen, Michael; Muñoz-Portillo, Juan - In: European Union Politics 16 (2015) 1, pp. 45-66
During the euro crisis policy-makers tried to re-establish credibility with austere budgets. Studies of austerity have been plagued by measurement and endogeneity problems. We provide a direct test of the effect of austerity on confidence by calculating the immediate impact of austere budgets on...