The "Austerity Myth": Gain Without Pain?
NBER Working Paper No. 17571
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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.