{"title":"紧缩的成本:2010年后欧洲财政整顿的效果","authors":"Nelson Rayl","doi":"10.2139/ssrn.3596470","DOIUrl":null,"url":null,"abstract":"This paper investigates the effect of fiscal consolidation on GDP per capita following the 2008 Financial Crisis and European Debt Crisis. I use the synthetic control method to assess the GDP performance of three European countries that pursued large quantities of fiscal consolidation: Greece, Spain and Italy. I estimate that without fiscal consolidation GDP per capita would have been 30, 11, and 17 percent higher in each country respectively.","PeriodicalId":417203,"journal":{"name":"ERN: National Budget","volume":"14 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Cost of Austerity: Effect of Fiscal Consolidation in Europe Post 2010\",\"authors\":\"Nelson Rayl\",\"doi\":\"10.2139/ssrn.3596470\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper investigates the effect of fiscal consolidation on GDP per capita following the 2008 Financial Crisis and European Debt Crisis. I use the synthetic control method to assess the GDP performance of three European countries that pursued large quantities of fiscal consolidation: Greece, Spain and Italy. I estimate that without fiscal consolidation GDP per capita would have been 30, 11, and 17 percent higher in each country respectively.\",\"PeriodicalId\":417203,\"journal\":{\"name\":\"ERN: National Budget\",\"volume\":\"14 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2020-05-08\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"ERN: National Budget\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3596470\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: National Budget","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3596470","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Cost of Austerity: Effect of Fiscal Consolidation in Europe Post 2010
This paper investigates the effect of fiscal consolidation on GDP per capita following the 2008 Financial Crisis and European Debt Crisis. I use the synthetic control method to assess the GDP performance of three European countries that pursued large quantities of fiscal consolidation: Greece, Spain and Italy. I estimate that without fiscal consolidation GDP per capita would have been 30, 11, and 17 percent higher in each country respectively.