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House et al., 2020 - Google Patents

Austerity in the Aftermath of the Great Recession

House et al., 2020

View PDF
Document ID
7760241045785650013
Author
House C
Proebsting C
Tesar L
Publication year
Publication venue
Journal of Monetary Economics

External Links

Snippet

Cross-country differences in austerity, defined as government purchases below forecast, account for 75% of the observed cross-sectional variation in GDP in advanced economies during 2010–2014. Statistically, austerity is associated with lower GDP, lower inflation and …
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