Macroeconomics
Study of an economy as a whole
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We include updates on List of countries by total wealth, Inflation, Austerity, Aggregate demand, Real gross domestic product, Ex-ante, Incentive, Marginal propensity to consume, Price index, Price mechanism, History of macroeconomic thought, Economic stability, Military Keynesianism, Aggregate supply, Monetary economics, Marginal propensity to save ... and more.
| 2024 | France began a new austerity period |
| 2023 | Finland began a new austerity period |
| 2023 | Global energy crisis continued, further impacting economic inflation patterns and monetary policy considerations. |
| 2022 | Argentina started another period of austerity |
| 2021 | A study revealed that European incumbent governments that implemented austerity measures during the Great Recession lost support in opinion polls. |
| 2021 | Global energy crisis began, representing another major aggregate supply shock that influenced inflation and economic conditions worldwide. |
| 2020 | A comprehensive study examined the impact of austerity measures on default risk, finding that such policies increase default risk during severe fiscal stress but potentially reduce default risk in low fiscal stress scenarios. |
| 2020 | A study using survey experiments in the UK, Portugal, Spain, Italy, and Germany found that voters strongly disapprove of austerity measures, particularly spending cuts. |
| 2020 | Mexico adopted austerity measures |
| 2018 | Economists Alberto Alesina, Carlo A. Favero, and Francesco Giavazzi publish an analysis in Finance & Development arguing that spending cuts have minimal impact on output and can help reduce debt-to-GDP ratio. |
| 2018 | Argentina entered a new austerity period that continued into 2019 |
| 2018 | Nicaragua adopted additional austerity policies |
| 2017 | Ecuador entered an ongoing austerity period |
| November 2017 | A study published in The BMJ links the Conservative government's austerity programme to approximately 120,000 deaths since 2010. |
| 2016 | Venezuela adopted additional austerity policies |
| 2015 | Brazil entered another austerity period lasting until 2018 |
| 2015 | End of research period analyzing elections in 124 European regions from eight countries, revealing the political consequences of fiscal consolidations. |
| 2015 | Finland implemented additional austerity measures lasting until 2019 |
| February 3 2015 | Joseph Stiglitz criticized austerity measures, arguing that they had failed repeatedly throughout history, from Herbert Hoover's approach during the Great Depression to IMF programs in East Asia and Latin America. |
| 2014 | Mark Blyth publishes a book critiquing austerity, arguing that it fails to stimulate growth and passes debt to the working classes. |
| 2014 | Australia implemented austerity measures |
| 2013 | The IMF publishes a detailed analysis concluding that austerity policies could potentially slow or reverse economic growth and inhibit full employment. |
| 2013 | China adopted austerity policies |
| 2012 | European countries collectively experienced austerity |
| 2012 | Greece undergoes a debt restructuring, which helps mitigate some of the government's debt increase. |
| 2012 | Argentina implemented another round of austerity measures |
| October 2012 | The IMF announced that its forecasts for countries implementing austerity programs had been consistently overoptimistic, suggesting that tax hikes and spending cuts were causing more damage than expected. |
| February 12 2012 | The Greek parliament approved the third round of austerity measures, which was met with strong opposition, particularly in Athens and Thessaloniki, where police clashed with demonstrators. |
| 2011 | Netherlands entered an austerity period lasting until 2014 |
| 2011 | United Kingdom began an austerity period lasting until 2019 |
| 2011 | Finland entered another austerity period lasting until 2015 |
| 2011 | Italy implemented austerity measures lasting until 2013 |
| 2011 | Germany adopted austerity policies |
| 2011 | The IMF begins to issue guidance suggesting that austerity measures could be harmful when applied without considering an economy's underlying fundamentals. |
| June 29 2011 | Massive demonstrations in Greece against austerity plans resulted in 19 arrests, 46 civilian injuries, and 38 police officer injuries in Athens. |
| June 29 2011 | Greek parliament approves the second set of austerity measures, with 155 out of 300 members voting in favor, despite widespread public protests and demonstrations. |
| June 27 2011 | Trade union organizations launch a 48-hour labor strike in Greece, the first such strike since 1974, in protest of proposed austerity measures ahead of a parliamentary vote. |
| 2010 | Greece begins receiving bailouts from the EU and IMF, initiating a series of three successive bailouts that would continue until 2018. |
| 2010 | Romania adopted austerity policies |
| 2010 | Czech Republic adopted austerity policies |
| 2010 | Japan adopted austerity policies |
| 2010 | France adopted austerity policies |
| 2010 | Spain entered an austerity period lasting until 2014 |
| 2010 | Continued demonstrations in Greece and other European countries against austerity measures, with workers and students protesting government cuts. |
| June 2010 | Chancellor George Osborne presents the budget speech, initiating the UK's austerity programme through the Conservative and Liberal Democrat coalition government. |
This contents of the box above is based on material from the Wikipedia articles Macroeconomics & Austerity, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.