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Did fiscal consolidation cause the double-dip recession in the euro area?

Heimberger, Philipp - In: Review of Keynesian economics 5 (2017) 3, pp. 439-458

Persistent link: https://www.econbiz.de/10011733545

Did fiscal consolidation cause the double dip recession in the euro area?

Heimberger, Philipp - 2015

This paper analyses the short-run effects of fiscal consolidation measures on economic activity in the euro area during the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity measures during 2011-2013. The main empirical finding is...

Persistent link: https://www.econbiz.de/10011778844

Does austerity pay off? : conference paper

Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes - 2014

Austerity measures are frequently enacted when the sustainability of public finances is in doubt. Such doubts are reflected in high sovereign yield spreads and put further strain on government finances. Is austerity successful in restoring market confidence, bringing about a reduction in yield...

Persistent link: https://www.econbiz.de/10010481328

The macroeconomic effects of the Euro Area's fiscal consolidation 2011 - 2013 : a simulation-based approach

Rannenberg, Ansgar; Schoder, Christian; Strasky, Jan - 2015

Wir simulieren die Haushaltskonsolidierung im Euroraum im Zeitraum 2011 bis 2013 mit Hilfe von zwei DSGE Modellen der … Haushalte krisenbedingt erhöht wird. Im letzteren Szenario trägt die Haushaltskonsolidierung die maßgebliche Verantwortung für … die Verschlechterung der Produktionslücke im Zeitraum 2011 bis 2013. Wäre die Haushaltskonsolidierung erst in einer Phase …

Persistent link: https://www.econbiz.de/10011311671