Irish central bank paper finds high cost to hasty austerity
Economists warn of damage from austerity at the ZLB
Fiscal consolidation was responsible for a large chunk of the recent eurozone recession and could have been avoided if policy-makers waited for interest rates to rise, according to research published by the Central Bank of Ireland on August 13.
The macroeconomic effects of the Euro Area's fiscal consolidation, a research technical paper by Ansgar Rannenberg, Christian Schoder and Jan Stráský, uses two dynamic stochastic general equilibrium models to assess the effects of fiscal austerity in the
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