fiscal austerity and disregard of current account imbalances is likely to lead to further deteriorating data that fail to …

instrument within European macroeconomic policies: Recent experiences with austerity policies, new research regarding the size of … assessments: Would a golden rule have prevented the austerity crisis since 2010? Would other expenditure categories - particularly …

After a brief introduction dealing with critical opinions of some economists on the European austerity policy, the … authors point out that austerity as a means of achieving fiscal consolidation and financial stability is applied when the … fiscal domain is weak. After analyzing the effects of the 2009 crisis on some indicators and austerity measures taken by …

worth about 2% of consumption. Austerity programs should be sudden instead of gradual, and focus on lowering revenue to …