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 …

This paper provides evidence that austerity shocks have long-run negative effects on GDP. Besides addressing the … reweighting in a local projections setup to account for the potential endogeneity of austerity policies and the non-linearity of … contractions larger than 3%. Evidence is also found linking austerity with smaller capital stock in the long-run. The results are …

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 …

Since the fiscal expansion during the Great Recession 2008-2009 and the current European consolidation and austerity … measures, the analysis of fiscal multiplier effects is back on the scientific agenda. The number of empirical studies is … regression analysis to a set of 89 studies on multiplier effects in order to provide a systematic overview of the different …

We apply meta regression analysis to a unique data set of 104 studies on multiplier effects with 1069 reported … on a certain multiplier study should lay open by how much specification affects the results. Our meta analysis provides … Transfers liegen. Der Multiplikator öffentlicher Investitionen liegt sogar um 0,5 Punkte höher. Der berichtete Multiplikatorwert …

, notably Nobel Prize winner and New York Times columnist Paul Krugman, who claimed that Greece suffered from austerity. Because …This paper discusses why Greece has done so poorly in comparison with all other European Union countries since the … onslaught of the global financial crisis in 2008. To show what was wrong with its fiscal adjustment, this paper compares Greece …