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Can austerity be self-defeating? CEPS Commentary, 2 December 2011

Gros, Daniel. (2011) Can austerity be self-defeating? CEPS Commentary, 2 December 2011. [Policy Paper]

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    Abstract

    With European governments cutting back on spending, many are asking whether this could make matters worse. In the UK for instance, recent OECD estimates suggest that ‘austerity’ will lead to another recession, which in turn may lead to a higher debt-to-GDP ratio than before. As the debate heats up, this new commentary by CEPS Director Daniel Gros provides some cool economic logic.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 06 Dec 2011 13:37
    Number of Pages: 6
    Last Modified: 06 Dec 2011 13:37
    URI: http://aei.pitt.edu/id/eprint/33006

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