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Δείτε τι αναφέρεται στην σελίδα 14 μελέτης της JP morgan:
Austerity and Unrest.
Austerity sounds straightforward as a policy, until the consequences bite. It remains unclear that the roadEurope is taking is less costly in the long run, in econo
mic, political and social terms. The history of Europe over the last 100years shows that austerity can have severe consequences and outcomes. A paper from the Centre for Economic Policy Researchlooks at the unrest that resulted from austerity in 32 European countries since 1919.
mic, political and social terms. The history of Europe over the last 100years shows that austerity can have severe consequences and outcomes. A paper from the Centre for Economic Policy Researchlooks at the unrest that resulted from austerity in 32 European countries since 1919.They found a very clear pattern of rising demonstrations, riots and strikes (and worse) after expenditure cuts took place (c79).
The authors tested to see if results varied with ethnic fragmentation, inflation, penetration of mass media and the quality of government institutions; theydid not. Results are also consistent across time, covering interwar and postwar periods. The independent variable that didresult in more unrest: higher levels of government debt in the first place..
Oλόκληρη η μελέτη της JP Morgan
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