domenica 13 luglio 2014
The austerity question: ‘How’ is as important as ‘how much’, by Alberto Alesina and Francesco Giavazzi
Europe’s embrace of austerity has sparked a debate among economists. This column argues that the debate has gone astray. Until the critical principle – ‘how’ is as important as ‘how much’ – is embraced, the austerity debate in Europe will continue to be completely out of line with the real economic trade-offs.