Footnotes (18)



Austerity: Causes, Consequences and Remedies

Sven R. Larson

Compact for America, Inc.

April 30, 2012

Austerity is a concept that is often used in the public debate. It refers to fiscal policy measures that reduce government spending and raise taxes for the purposes of closing a government budget deficit. This paper analyzes the concept in the context of the current European economic crisis and explains the limited options for policies to counter the negative effects of austerity.

Number of Pages in PDF File: 22

Keywords: Macroeconomics, Fiscal policy, The Welfare State, Budget deficit

JEL Classification: D60, E60, H00, H11, H50, H59, H60, H61, H62, H63

Open PDF in Browser Download This Paper

Date posted: April 30, 2012  

Suggested Citation

Larson, Sven R., Austerity: Causes, Consequences and Remedies (April 30, 2012). Available at SSRN: http://ssrn.com/abstract=2048739 or http://dx.doi.org/10.2139/ssrn.2048739

Contact Information

Sven R. Larson (Contact Author)
Compact for America, Inc. ( email )
2323 Clear Lake City Blvd, Suite 180-190
Houston, TX 77062
United States
Feedback to SSRN

Paper statistics
Abstract Views: 1,213
Downloads: 210
Download Rank: 106,716
Footnotes:  18

© 2016 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollobot1 in 0.219 seconds