You know the much-ballyhooed theory that high national debt always correlates to crappy economic growth? The one that’s trotted out on a regular basis by politicians arguing for austerity budgets and ...

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Fabrizio Carmignani receives funding from the Australian Research Council for a project on the estimation of the piecewise continuous linear model and its macroeconomic applications. The economic ...

Austerity has become almost like a four-letter word in some circles. It’s used to describe policies meant to reduce government spending and debt that may be painful in the here and now -- measures ...