Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/98231
Authors: 
Gros, Daniel
Maurer, Rainer
Year of Publication: 
2012
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Publisher:] Springer [Place:] Heidelberg [Volume:] 47 [Year:] 2012 [Issue:] 3 [Pages:] 175-184
Abstract: 
With European governments cutting back on spending, many are asking whether this could make matters worse. In the UK for instance, recent OECD estimates suggest that 'austerity' will lead to another recession, which in turn may lead to a higher debt-to-GDP ratio than before. As the debate heats up, the following two articles attempt to provide some cool economic logic: Credible austerity plans are required by Daniel Gros and Why austerity can become self-defeating for member states of a currency union by Rainer Maurer.
Persistent Identifier of the first edition: 
Document Type: 
Article

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