After Austerity

But phasing in austerity more gradually, and thus back loading the adjustment, would have posed less risk to the economy s anemic recovery while maintaining a credible commitment to fiscal consolidation. Instead, the government could well end up with no plan B in case plan A massively front loaded austerity leads to a double dip recession.

Europe s Austerity Zombies

The Austerity Pandemic

Clarity about Austerity

Misconceiving British Austerity

Austerity and Demoralization

End Austerity Now

101. Austerity measures.

The Greek Austerity Myth

Asia s Take on Austerity

Austerity and Debt Realism

Europe s Irrelevant Austerity Debate

87. 1997 austerity measures.

A Green Alternative to Austerity?

Fiscal Austerity Versus European Society

Austerity Is Not Greece s Problem

Austerity and the Modern Banker

Austerity Politics, Then and Now

Does Austerity Promote Economic Growth?

Learning About Growth from Austerity

Ireland and the Austerity Debate

91. Impact of austerity measures.

37. Impact of austerity measures.

51. Impact of austerity measures.

Austerity Is the Only Deal Breaker

A. Austerity is not the answer

Greece and the Limits of Anti Austerity

105. Austerity and cost reduction measures in 1998.

If you think austerity will solve everything, you're wrong.

11. Five years of austerity measures had taken their toll.

First, we must accept that austerity measures, necessary to avoid a fiscal train wreck, have recessionary effects on output. So, if countries in the eurozone s periphery are forced to undertake fiscal austerity, countries able to provide short term stimulus should do so and postpone their own austerity efforts.

The February 1997 austerity measures reduced 1997 allocations in many of the same budget lines in which the June 1996 austerity measures had reduced 1996 allocations, but were even more extensive.

On this foundation of zombie economics and slipshod research rests the case for austerity. In fact, the austerity boosters in the UK and Europe frequently cited the Alesina and Reinhart Rogoff findings.

Three points should be borne in mind in the light of that austerity.

a The decrease is the result of austerity measures introduced in August 1997.

Many inside and outside of Germany declare that both austerity and more growth are needed, and that more emphasis on growth does not mean any decrease in austerity. The drama of the ongoing eurozone crisis has focused attention on Europe, but how the austerity growth debate plays out there is more broadly relevant, including for the United States.

The eurozone should also pursue a policy partially via looser monetary policy that weakens the value of the euro significantly and restores the periphery s competitiveness. And Germany should delay its austerity plan, as the last thing that the eurozone needs is a massive fiscal drag.

So plan B, always a plan B.

For now, the periphery countries calculate that the eventual benefits to be gained from remaining within the eurozone will outweigh the current pain of austerity. For its part, Germany exacts austerity as the price of its participation in the single currency.

NEW YORK Too many politicians and economists blame austerity urged by Greece s creditors for the collapse of the Greek economy. But the data show neither marked austerity by historical standards nor government cutbacks severe enough to explain the huge job losses.

The Agency faced many hurdles, not least among them the austerity measures introduced in the mid 1990s.

The decrease in 1997 in the number of university scholarships was a result of the austerity measures.

His flight plan said Acapulco. What flight plan?

British Prime Minister David Cameron, an austerity advocate, says he believes that his program reduces welfare dependency, restores rigor, and encourages the the doers, the creators, the life affirmers. Likewise, US Congressman Paul Ryan says that his program is part of a plan to promote creativity and entrepreneurial spirit.