The impact of austerity policies in the Eurozone: fiscal multipliers and 'adjustment fatigue'

Javier Bilbao-Ubillos and Ana-Isabel Fern�ndez-Sainz
Authors registered in the RePEc Author Service: Ana Fernandez-Sainz

Applied Economics Letters, 2014, vol. 21, issue 14, 955-959

Abstract: This article seeks to compare the significance of the links between fiscal policies and economic growth in the Eurozone before and after the imposition of adjustments on the countries bailed out, in an effort to estimate the scale of fiscal multipliers and to evaluate pro-cyclical or counter-cyclical orientation of the measures. The results of the regression serve to bear out the theoretical forecasts of those authors who warned of high fiscal multipliers in a context of recession, also characterized by a credit crunch, massive deleveraging in the private sector and near-zero interest rates.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2014.902013 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:21:y:2014:i:14:p:955-959

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2014.902013

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().