Back to the Future
Lessons from the 2009–2012 austerity policies for the aftermath of the Covid crisis
Bibliographic Data
| ID | 21793008 |
|---|---|
| Authors | Alfredo Arahuetes García (0000-0001-6327-8665, Universidad Pontificia Comillas), Gonzalo Gómez Bengoechea (0000-0001-6377-9988, Universidad Pontificia Comillas, corresponding author) |
| Year | 2022 |
| Volume | 13 |
| Issue | 5 |
| Pages | 751-766 |
| Publication date | 2022-11-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Global Policy (JOURNAL) |
| Journal identifiers | ISSN: 1758-5880 • E-ISSN: 1758-5899 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1758-5899.13129 |
| OpenAlex | W4312905464 |
| Language | EN |
| References cited | 29 |
This paper studies the relationship between austerity intensity and adjustment processes in the Eurozone in the period 2000–2021. We empirically analyse fiscal consolidation and its impact on a set of internal adjustment and expansionary austerity indicators. We also evaluate the relationship of those indicators with GDP growth using quantile regressions. Results show that austerity programmes had a negative impact on growth both in the short‐run and in the long‐run. Expansionary austerity indicators play a more relevant role in determining short‐term growth than internal adjustment. This effect is more intense in slow‐growing countries since internal adjustment processes take more time to operate
Austerity · Economics · Macroeconomics · Political science · Politics · Fiscal Policies and Political Economy · Global Health Care Issues · Social Policy and Reform Studies · Finance
| Highly cited | No |
|---|