Curiosidade do dia

Acerca do tempo que os países levam para fazer ajustes fiscais bem sucedidos:

Há quanto tempo mesmo é que está cá a troika?
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BTW

"Austerity can take different forms. It can be achieved by cutting spending or by raising taxes. Alternatively, austerity can be achieved by adopting a mix of spending cuts and tax.
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while fiscal adjustments may not always trigger immediate economic growth, spending-based adjustments are much less costly in terms of output than tax-based ones. In fact, when governments try to reduce the debt by raising taxes, it is likely to result in deep and pronounced recessions, possibly making the fiscal adjustment counterproductive."
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Second, while not all fiscal adjustments lead to economic expansion, spending-based adjustments are less recessionary than those achieved through tax increases. Moreover, when successful spending-based adjustments were not expansionary, they were associated with mild and short-lived recessions, while tax increases were unsuccessful at reducing the debt and associated with large recessions.
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successful and expansionary fiscal adjustments are those based mostly on spending cuts rather than tax increases. Also, these adjustments lasted slightly longer and were associated with higher growth during the adjustment.
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Finally, Germany adopted large expenditure cuts in the fringe benefits in public administration (no more Christmas-related extra payments) (Moi ici: Só inconstitucionalidades) and also serious reductions in subsidies for specific industries: residential construction, coal mining, and agriculture."

“Austerity: The Relative Effects of Tax Increases versus Spending Cuts.” de Alberto Alesina e Veronique de Rugy.