NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The "Austerity Myth": Gain Without Pain?

Roberto Perotti

NBER Working Paper No. 17571
Issued in November 2011

---- Acknowledgements -----

This paper was produced as part of the project Growth and Sustainability Policies for Europe (GRASP), a Collaborative Project funded by the European Commission's Seventh Research Framework Programme, contract number 244725. Financial support by the European Research Council (Grant No. 230088) is also gratefully acknowledged. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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