Gechert, Sebastian; Rannenberg, Ansgar - In: Vierteljahrshefte zur Wirtschaftsforschung 84 (2015) 3, pp. 47-59
This policy brief reexamines the effects of the Greek austerity experiment on its economy via a counterfactual analysis … economy would have entered a prolonged period of stagnation, rather than a depression. At the same time the path of the … been postponed until after the recovery of the Greek economy and implemented gradually, almost 80 percent of the cost in …