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Drawing on an analysis of austerity reforms in Greece and Portugal during the sovereign debt crisis from 2009 onwards …, as well as a fundamental transformation of the party system. By contrast, in Portugal, where parties relied less on …
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, Ireland, Italy, the Netherlands, Spain, and Portugal, over the sample period 1999-2016, i.e., the EMU period. The main …
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This paper analyses the short-run effects of fiscal consolidation measures on economic activity in the euro area during the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity measures during 2011-2013. The main empirical finding is...
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