Auflistung LIF-SAFE Working Papers nach Schlagwort "austerity"
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Austerity
(2014-11-19)We shed light on the function, properties and optimal size of austerity using the standard sovereign model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption ... -
Does Austerity Pay Off?
(2015-02-01)We ask whether cuts of government consumption lower or raise the sovereign default premium. To address this question, we set up a new data set for 38 emerging and advanced economies which contains quarterly time-series ...