Scholars have been active in investigating causes and consequences of austerity policies. We examine how economists use … the term “austerity” in scientific studies and measure austerity in empirical analyses. The sample includes around 3 … austerity is often used in heterodox journals. Papers published in mainstream journals use the term “fiscal consolidation …

We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the …-level characteristics, especially credit default swaps as a measure of fiscal stability, predict views on whether Greece should exit the …

turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our … simulations show that the adopted adjustment program (namely, the fiscal austerity mix combined with the fiscal and monetary … Greece had simply remained at its pre-crisis level. On the other hand, we show that, in the absence of the official fiscal …

We study the consequences of a large-scale austerity program targeting financially-constrained municipalities in …

emissions. This paper documents that large-scale austerity, coupled with barriers to flows of data and a lack of (digital … through a regression discontinuity design in the early 2010s, we find that both the extent of austerity-induced local budget … would have taken place had it not been for austerity. …

periods of turmoil, financial markets have tended to impose strong programs of austerity on member countries of the Eurozone …-induced austerity, as it occurs mainly during periods of recession, has the effect of reducing the power of the automatic stabilizers in …