Ji, Y;
Paul, DG;
(2013)
Panic-driven austerity in the Eurozone and its implications.
[Digital scholarly resource].
https://voxeu.org/article/panic-driven-austerity-e...
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Panic-driven austerity in the Eurozone and its implications _ VOX, CEPR Policy Portal.pdf - Published Version Access restricted to UCL open access staff Download (296kB) |
Abstract
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’.
| Type: | Digital scholarly resource |
|---|---|
| Title: | Panic-driven austerity in the Eurozone and its implications |
| Publisher version: | https://voxeu.org/article/panic-driven-austerity-e... |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10053745 |
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