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Chapter 3: Austerity: Hurting but Helping
Giuseppe Bertola, John Driffill, Harold James, Hans-Werner Sinn, Jan-Egbert Sturm, Ákos Valentinyi
CESifo Group Munich, Munich, 2014
EEAG Report on the European Economy 2014, 75-90
CESifo Group Munich, Munich, 2014
EEAG Report on the European Economy 2014, 75-90
Chapter 3 analyses the much debated issue of austerity and highlights that fiscal discipline is not only needed to ensure the long-term sustainability of public debt, but also for external rebalancing, which is vital to the long-term sustainability of the euro. Finally,
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The EEAG Report on the European Economy 2014: The road towards cohesion
Giuseppe Bertola, John Driffill, Harold James, Hans-Werner Sinn, Jan-Egbert Sturm, Ákos Valentinyi
CESifo Group Munich, Munich, 2014
CESifo Group Munich, Munich, 2014