, 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 …

consolidation measures that have been implemented in Greece between 2010 and 2014. We estimate that austerity explains almost the …This policy brief reexamines the effects of the Greek austerity experiment on its economy via a counterfactual analysis … entire collapse of Greek GDP after 2009. This result suggests that-ceteris paribus-, in the absence of austerity, the Greek …

of the accumulation of Greece's public debt since the 1960s and the role of public debt in the recent crisis. We show … that the austerity imposed since 2010 has been unsuccessful in stabilizing the debt while at the same time taking a heavy …