the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity … closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to …, a reasonable approximation of the size of the output losses due to fiscal austerity in the euro area during 2011-2013 is …

Front -- Contents -- Introduction -- Austere ideas for austere societies from Aristotle to Aquinas -- Austerity v …. reason from Mandeville to Voltaire -- Austerity for capitalism from Smith to Weber -- Austerity for stability from the Great … War to the next -- Austerity can wait Keynes -- Austerity for the state Hayek -- Austerity for the planet green ideas of …