Author profile

Anna Matzner

Anna Matzner is an economist at the Vienna Institute for International Economic Studies (wiiw).

Austerity Erodes The Governments That Impose It

Austerity packages reduce approval, drive protests, and raise the odds of a government crisis — especially in downturns.

New research reveals that EU fiscal tightening reduces output, raises unemployment, and widens income gaps — especially during recessions.