the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity … closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to …, a reasonable approximation of the size of the output losses due to fiscal austerity in the euro area during 2011-2013 is …

, housing bubbles and macroeconomic imbalances. After the financial crisis, they were revised downwards, which increased fiscal …

austerity measures during 2011-2013. The main empirical finding is that the depth of the economic crisis in the euro area …'s economies is closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range … multiplier values, a reasonable approximation of the size of the output losses due to fiscal austerity in the euro area during …

), and by 0.6 percentage points in the medium run (in year seven). The impact of fiscal austerity measures on the income …

the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity … closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to …, a reasonable approximation of the size of the output losses due to fiscal austerity in the euro area during 2011-2013 is …

, housing bubbles and macroeconomic imbalances. After the financial crisis, they were revised downwards, which increased fiscal …