Monastiriotis, Vassilis - London School of Economics (LSE) - 2014
consolidation policies (austerity). Fuelled by the huge contraction experienced by some ‘bailout countries’, and especially Greece …, a new consensus seems to have emerged, that “austerity doesn’t work”. Yet, many Eurozone countries have seen a … adverse growth effects of austerity being very short-lived. The literature has only recently shifted its attention to the …