Europe's debt crisis casts doubt on the effectiveness of fiscal austerity in highly-integrated economies. Closed …

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 …

This paper dwells on the Eurozone woes and addresses the origins of the transition from a fictitious boom to a painful … the future of the Eurozone that will halt the tearing of the social fabric of its member states. …

Depression and World War II. The article tries to give an impression of the extraordinary degree of fiscal austerity and the …

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 … economic activity. The conditions under which austerity takes place are crucial. During times of fiscal stress, spreads rise in …

instrument within European macroeconomic policies: Recent experiences with austerity policies, new research regarding the size of … proposes the introduction of the traditional public finance golden rule into the EU/Eurozone fiscal framework (Stability and … assessments: Would a golden rule have prevented the austerity crisis since 2010? Would other expenditure categories - particularly …