Mathieu, Catherine; Sterdyniak, Henri - In: Revue de l'OFCE n° 116 (2011) 1, pp. 17-60
The 2007-2009 financial crisis was caused by financial markets? greed and instability and led to a strong rise public debts and deficits in advanced economies. Financial markets and international institutions advocate a ?fiscal exit strategy? through rapid cuts in public deficits and debts under...