Ancora sull'"austerità espansiva"

It is true that sometimes a country may have no alternative to fiscal “consolidation,” if its creditors insist on it, as has been the case with Greece and some other eurozone members. But that does not mean austerity is expansionary, especially if the currency cannot depreciate to stimulate exports.
Read more at http://www.project-syndicate.org/commentary/the-case-against-expansionary-austerity-by-jeffrey-frankel#VB1Jp2HykRgyRdpt.99 

e poi :

Perotti concludes that “the notion of ‘expansionary fiscal austerity’ in the short run is probably an illusion: a trade-off does seem to exist between fiscal austerity and short-run growth.” As a result, “the fiscal consolidations implemented by several European countries could well aggravate the recession.”
Read more at http://www.project-syndicate.org/commentary/the-case-against-expansionary-austerity-by-jeffrey-frankel#VB1Jp2HykRgyRdpt.99 

Uhu!