Stimulus packages vs. Austerity measures
Henn, Maximilian
The current sovereign debt levels resulting from the global financial crisis of 2007 - 2008, with its epicenter in the Eurozone, have forcefully revived the academic and policy debate on fiscal sustainability. Particularly, the extent to which large public debt levels are likely to have an adverse effect on economic growth strengthens an inevitable scientific dispute among supporters of Keynesian economics and neoliberalism. Despite the politi...