employment, (iii) a fiscal 'austerity' rule that links fiscal parameters to deviations from a target debt ratio fails to adjust … combination of fiscal and monetary policy rules which separately would stabilize the system, and (v) austerity rules can in some …

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 …

What are the effects of austerity on distributional policy? We exploit the autonomy of Italian municipalities in … setting non-linear income taxes and the exogenous introduction of a fiscal rule to show that austerity increases income tax … progressivity. Consistent with this evidence, we find that in a panel of countries austerity correlates with higher marginal tax …

What are the effects of austerity on distributional policy? We exploit the autonomy of Italian municipalities in setting … non-linear income taxes and the exogenous introduction of a fiscal rule to show that austerity increases tax progressivity …. Consistent with this evidence, we find that in a panel of countries austerity correlates with higher marginal tax rates on top …

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 …