"The Political Ecology of Austerity explores the scholarly and political debates surrounding the environmental dimension of austerity policies that has thus far escaped academic, policy and media attention. By contributing to a better comprehension of the full socio-environmental impact of...

This paper investigates the effects of fiscal consolidation announcements on sovereign spreads in a panel of 21 emerging market economies during 2000-18. We construct a novel dataset using a global news database to identify the precise announcement date of fiscal consolidation actions. Our...

There is an ongoing debate about austerity and stimulus in the Euro zone. Moreover, given the fiscal and financial problems in the region, a default has appeared likely at times. In this context, this paper develops a dynamic stochastic quantitative model of sovereign default with fiscal policy,...