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Chapter 3: Austerity: Hurting but Helping

Author

Listed:
  • Giuseppe Bertola
  • John Driffill
  • Harold James
  • Hans-Werner Sinn
  • Jan-Egbert Sturm
  • Ákos Valentinyi

Abstract

Chapter 3 analyses the much debated issue of austerity and highlights that fiscal discipline is not only needed to ensure the long-term sustainability of public debt, but also for external rebalancing, which is vital to the long-term sustainability of the euro. Finally,

Suggested Citation

  • Giuseppe Bertola & John Driffill & Harold James & Hans-Werner Sinn & Jan-Egbert Sturm & Ákos Valentinyi, 2014. "Chapter 3: Austerity: Hurting but Helping," EEAG Report on the European Economy, CESifo, vol. 0, pages 75-90, February.
    • Handle: RePEc:ces:eeagre:v::y:2014:i::p:75-90
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    References listed on IDEAS

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