Gaertner, Wulf; Schwettmann, Lars - In: SERIEs : Journal of the Spanish Economic Association 8 (2017) 2, pp. 113-144
This paper studies the problem of burden sharing in countries that were forced to introduce severe budget cuts after the collapse of Lehman Brothers in 2008 which had unleashed a financial crisis in many industrialised countries of the Western world. We do not ask how the burden was actually...