Engler, Philipp; Klein, Mathias - In: DIW economic bulletin 7 (2017) 8, pp. 89-93
The fiscal consolidation efforts of Spain, Italy, and Portugal from 2010 to 2014 did not achieve their goal of reducing … austerity policy also appears to have had a negative impact on productivity, neutralizing the beneficial effects of structural … reforms. Contrary to widespread opinion, the lack of structural reforms was not the key reason for the austerity policy …