IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/r39us_v1.html
   My bibliography  Save this paper

¿Austeridad en crisis?: una revisión narrativa de sus efectos económicos, sociales y políticos en tiempos de crisis

Author

Listed:
  • SALGUERO, RICARDO ALONZO FERNANDEZ

Abstract

La crisis financiera global de 2008 marcó el inicio de una década dominada por políticas de austeridad fiscal en gran parte del mundo desarrollado. Este documento presenta una revisión narrativa cualitativa de una extensa colección de literatura académica para sintetizar la evidencia sobre los efectos multifacéticos de la austeridad. Siguiendo un enfoque temático inspirado en las directrices PRISMA, se examinan las consecuencias económicas, sociales y políticas de estas medidas. El análisis revela un consenso mayoritario sobre los efectos recesivos de la austeridad, especialmente cuando se implementa durante crisis económicas, con multiplicadores fiscales negativos que a menudo exacerban la contracción del PIB. Socialmente, la austeridad se asocia con un aumento de la desigualdad, impactos negativos en la salud pública, consecuencias de género desproporcionadas y un debilitamiento de las redes de seguridad social. Políticamente, la evidencia vincula la austeridad con la erosión de la confianza en las instituciones, un aumento del populismo y la inestabilidad electoral. A pesar de la narrativa política que presenta la austeridad como una necesidad inevitable para la sostenibilidad fiscal, la literatura académica subraya sus altos costos y su cuestionable eficacia, abogando por enfoques de política económica más contextualizados y equitativos.

Suggested Citation

  • Salguero, Ricardo Alonzo Fernandez, 2025. "¿Austeridad en crisis?: una revisión narrativa de sus efectos económicos, sociales y políticos en tiempos de crisis," SocArXiv r39us_v1, Center for Open Science.
  • Handle: RePEc:osf:socarx:r39us_v1
    DOI: 10.31219/osf.io/r39us_v1
    as

    Download full text from publisher

    File URL: https://osf.io/download/68eb3d90743e84b286e34de1/
    Download Restriction: no

    File URL: https://libkey.io/10.31219/osf.io/r39us_v1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sebastian Dellepiane & Niamh Hardiman, 2012. "The New Politics of Austerity: Fiscal Responses to the Economic Crisis in Ireland and Spain," Working Papers 201207, Geary Institute, University College Dublin.
    2. Robert Boyer, 2012. "The four fallacies of contemporary austerity policies: the lost Keynesian legacy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 36(1), pages 283-312.
    3. Nie,Owen, 2020. "Expansionary Fiscal Austerity: New International Evidence," Policy Research Working Paper Series 9344, The World Bank.
    4. Reinhard Neck & Dmitri Blueschke & Klaus Weyerstrass, 2013. "Trade-Off of Fiscal Austerity in the European Debt Crisis in Slovenia," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 19(4), pages 367-380, November.
    5. Zachary Kramer, 2019. "Fiscal Sovereignty under EU Crisis Management: A Comparison of Greece and Hungary," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(4), pages 595-624, December.
    6. Alberto Botta, 2020. "The short- and long-run inconsistency of the expansionary austerity theory: a post-Keynesian/evolutionist critique," Journal of Evolutionary Economics, Springer, vol. 30(1), pages 143-177, January.
    7. Vasil S. Petkov, 2014. "Advantages and Disadvantages of Fiscal Discipline in Bulgaria in Times of Crisis," Contemporary Economics, Vizja University, vol. 8(1), March.
    8. Blyth, Mark, 2013. "Austerity: The History of a Dangerous Idea," OUP Catalogue, Oxford University Press, number 9780199828302.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fontana, Olimpia & Sau, Lino, 2023. "Expansionary Austerity in Europe: Finally an Oxymoron?," Department of Economics and Statistics Cognetti de Martiis. Working Papers 202317, University of Turin.
    2. Philipp Heimberger, 2024. "Fiscal consolidation and its growth effects in euro area countries: Past, present and future outlook," wiiw Working Papers 253, The Vienna Institute for International Economic Studies, wiiw.
    3. Sheila C. Dow, 2014. "The role of belief in the debate over austerity policies," Working Papers PKWP1409, Post Keynesian Economics Society (PKES).
    4. Streeck, Wolfgang, 2013. "The politics of public debt: Neoliberalism, capitalist development, and the restructuring of the state," MPIfG Discussion Paper 13/7, Max Planck Institute for the Study of Societies.
    5. Sheila C Dow, 2015. "The role of belief in the case for austerity policies," The Economic and Labour Relations Review, , vol. 26(1), pages 29-42, March.
    6. George D. Demopoulos & Nicholas A. Yannacopoulos, 2015. "Conditions that may invalidate the prediction of the expansionary austerity policies," Working Papers 201502, Athens University Of Economics and Business, Department of Economics.
    7. Vassilis Monastiriotis, 2014. "(When) Does Austerity Work? On the Conditional Link between Fiscal Austerity and Debt Sustainability," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 8(1), pages 71-92, June.
    8. Ricardo Alonzo Fern'andez Salguero, 2025. "The Crisis Simulator for Bolivia (KISr-p): An Empirically Grounded Modeling Framework," Papers 2510.16537, arXiv.org.
    9. Oldrich Bubak, 2018. "Flexicurity and the dynamics of the welfare state adjustments," Transfer: European Review of Labour and Research, , vol. 24(4), pages 387-404, November.
    10. Niamh Hardiman, 2013. "Rethinking the political economy of fiscal consolidation in two recessions in Ireland," Working Papers 201316, Geary Institute, University College Dublin.
    11. Sebastian Dellepiane & Niamh Hardiman, 2013. "The politics of fiscal effort in Spain and Ireland: Market credibility versus political legitimacy," Working Papers 201321, Geary Institute, University College Dublin.
    12. Achim Truger, 2015. "Implementing the golden rule for public investment in Europe," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 138, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    13. Philip O’Connell, 2013. "Cautious adjustment in a context of economic collapse: The public sector in the Irish crises," Chapters, in: Daniel Vaughan-Whitehead (ed.), Public Sector Shock, chapter 9, pages 337-370, Edward Elgar Publishing.
    14. Jörg Bibow, 2018. "How Germany’s anti-Keynesianism has brought Europe to its knees," International Review of Applied Economics, Taylor & Francis Journals, vol. 32(5), pages 569-588, September.
    15. Mark Setterfield, 2024. "Managing the Discontent of the Losers Redux: A Future of Authoritarian Neoliberalism or Social Capitalism?," FMM Working Paper 98-2024, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    16. Fraccaroli, Nicolò & Giovannini, Alessandro & Jamet, Jean-François & Persson, Eric, 2022. "Ideology and monetary policy. The role of political parties’ stances in the European Central Bank’s parliamentary hearings," European Journal of Political Economy, Elsevier, vol. 74(C).
    17. Ivo Arnold, 2021. "An Interest Stabilisation Mechanism to Unburden the ECB," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(5), pages 274-277, September.
    18. Costa Cabral, Nazare, 2022. "The European Monetary Integration Trap: incomplete sovereignty and the State-mimicking method," MPRA Paper 115245, University Library of Munich, Germany.
    19. Clément Fontan & François Claveau & Peter Dietsch, 2016. "Central banking and inequalities," Politics, Philosophy & Economics, , vol. 15(4), pages 319-357, November.
    20. Samuel Brazys & Aidan Regan, 2016. "These Little PIIGS Went to Market: Enterprise Policy and Divergent Recovery in European Periphery," Working Papers 201517, Geary Institute, University College Dublin.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:socarx:r39us_v1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://arabixiv.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.