Table of Contents

Foreword

Introduction
Giancarlo Corsetti

The austerity question: 'How?' is as important as 'how much?'
Alberto Alesina and Francesco Giavazzi

Spending cuts to improve confidence? No, the arithmetic goes the wrong way
J Bradford DeLong

A time to spend: New insights into the multiplier effect
Pontus Rendahl

The coming revolt against austerity
Charles Wyplosz

The austerity debate: Make haste slowly
Carlo Cottarelli

Fiscal austerity and policy credibility
Marco Buti and Lucio R Pench

Fiscal consolidation: Too much of a good thing?
John Van Reenen

Too early to sound the alarm
Manfred J M Neumann

The impossible hope of an end to austerity
Charles Wyplosz

Weekend elections: Democracy and the fiscal compact
Francesco Daveri

Is high public debt harmful for economic growth? New evidence
Ugo Panizza and Andrea F Presbitero

Has austerity gone too far?
Giancarlo Corsetti