TY  - GEN
A1  - Ji, Y
A1  - Paul, DG
PB  - Centre for Economic Policy Research (CEPR)
N1  - This version is the version of record. For information on re-use, please refer to the publisher?s terms and conditions.
ID  - discovery10053745
UR  - https://voxeu.org/article/panic-driven-austerity-eurozone-and-its-implications
N2  - Eurozone policy seems driven by market sentiment. This column argues that fear and panic led to excessive, and possibly self-defeating, austerity in the south while failing to induce offsetting stimulus in the north. The resulting deflation bias produced the double-dip recession and perhaps more dire consequences. As it becomes obvious that austerity produces unnecessary suffering, millions may seek liberation from ?euro shackles?.
AV  - restricted
TI  - Panic-driven austerity in the Eurozone and its implications
Y1  - 2013/02/21/
ER  -