Doesn't Get Any Clearer: Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2009 « Center for Economic Policy Research

In this paper, we assemble cross-country evidence for the period 1919 to the present, and examine the extent to which societies become unstable after budget cuts. The results show a clear positive correlation between fiscal retrenchment and instability.

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http://williambowles.info/2011/08/11/austerity-and-anarchy-budget-cuts-and-so...

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