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 present new evidence showing that fiscal austerity strengthens support for redistribution, especially for the … temporal variation in spending cuts at the Local Authority level to compute a plausibly exogenous measure of the austerity …

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

Did austerity cause Brexit? This paper shows that the rise of popular support for the UK Independence Party (UKIP), as … to austerity since 2010. In addition to exploiting data from the population of all electoral contests in the UK since … have resulted in a Remain victory had it not been for a range of austerity-induced welfare reforms. Further, auxiliary …

We shed light on the function, properties and optimal size of austerity using the standard sovereign debt model … augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the … level desired by a country and supported by its repayment capacity. We find that austerity serves as a tool for securing a …

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 …

ignored before, during and after the crisis, critics saw too much ordoliberal influence, especially in form of austerity …

What are the effects of austerity on distributional policy? We exploit the autonomy of Italian municipalities in setting … non-linear income taxes and the exogenous introduction of a fiscal rule to show that austerity increases tax progressivity …. Consistent with this evidence, we find that in a panel of countries austerity correlates with higher marginal tax rates on top …