Bajo Rubio, Oscar; Gómez-Plana, Antonio G. - 2025
austerity policies implemented by the Southern European countries, i.e., Portugal, Italy, Greece, and Spain. In particular, we … alternative policies, both from the spending side and the revenue side. The empirical methodology is based on a computable general …. Our results show that these austerity policies were generally more painful, in terms of a fall in the levels of activity …