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 …

Scholars have been active in investigating causes and consequences of austerity policies. We examine how economists use … the term "austerity" in scientific studies and measure austerity in empirical analyses. The sample includes around 3 … austerity is often used in heterodox journals. Papers published in mainstream journals use the term "fiscal consolidation …

The paper discusses the impact of austerity policy on economic performance in the eurozone countries after the global … observed in many economies, especially in the South Europe. The implemented austerity policy under the external pressure not … increasing public debt. Based on the literature and empirical findings, the issue of austerity policy and its potential …

The role of fiscal austerity has been questioned for centuries, but a rapidly increasing deficit along with the … financial crisis in 2007 / 2008 influenced a renewed debate on the economics of austerity. This paper analyzes the role of … austerity versus the role of economic growth. It also attempts to highlight the role of the theoretical context of austerity …