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

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

Heimberger, Philipp - 2015

closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to … the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity … 2.1, depending on the data source used to identify the intensity of fiscal consolidation. Given these multiplier values …

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