Publication
2 Dec 2011
In this commentary, the author examines the possible effects of an austerity drive on a country's debt-to-GDP ratio. He argues that austerity can only be self-defeating in the short run. In the long term, however, austerity measures will have a positive effect on a country's debt-to-GDP ratio.
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English (PDF, 5 pages, 150 KB) |
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| Author | Daniel Gros |
| Series | CEPS Commentaries |
| Publisher | Centre for European Policy Studies (CEPS) |
| Copyright | © 2011 Centre for European Policy Studies (CEPS) |