There is evidence that a budget consolidation strategy can work with only a small and short lived negative impact on growth. However, this time consolidation is taking place in the aftermath of a deep crisis which had lead to increased levels of uncertainty. In addition the financial sector, as...

Apparently the consolidation programmes that individual EU countries have presented so far broadly tend to take "the easy road". The latter includes short-term cuts in public sector pay, which are easy to push through, but do not lead to a lasting improvement of public finances, as well as an...

WIFO is coordinating the integrative research project "Welfare, Wealth and Work for Europe – WWWforEurope", which is financed by the European Commission from its 7th EU Framework Programme and which combines 33 partner institutes from 12 EU member countries.

WIFO coordinates the interdisciplinary four year research project "Welfare, Wealth and Work for Europe – WWWforEurope" within the 7th Framework Programme funded by the European Commission. The project brings together researchers from 33 scientific institutions in 12 European countries with...

WWWforEurope has developed a comprehensive strategy to set Europe on a path to a socio-ecological transition. The strategy begins by renouncing the long-established concept of using GDP growth figures as the benchmark for economic and societal progress. In contrast, it sets “well-being in a...

There is evidence that a budget consolidation strategy can work with only a small and short lived negative impact on growth. However, this time consolidation is taking place in the aftermath of a deep crisis which had lead to increased levels of uncertainty. In addition the financial sector, as...