to its disintegration. Considering the debt crisis as a problem of the PIIGS (Portugal, Ireland, Italy, Greece, Spain …

robustly find strong and persistent long-run multiplier effects for most European Countries in the early years after the …

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 …, notably Nobel Prize winner and New York Times columnist Paul Krugman, who claimed that Greece suffered from austerity. Because …

Drawing on an analysis of austerity reforms in Greece and Portugal during the sovereign debt crisis from 2009 onwards … depends on their ability to control state budgets to reward clients. In Greece, where parties relied extensively on these …

aggregate demand deficiency. We show that an increase in government purchases boosts GDP through a multiplier process, but the …

Fiscal spending multiplier calculations have been revived in the aftermath of the global financial crisis. Much of the … multiplier for EU members. Multipliers for specific spending categories are comparably high, ranging between 1.4 and 1.8 for many … react in an expansionary manner. -- Fiscal spending multiplier calculation ; Input-Output calculus ; incomeexpenditure model …