Austerity Measures

GPTKB entity

Statements (24)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:aimsTo reduce government budget deficits
gptkbp:associatedWith fiscal consolidation
gptkbp:cause lower social welfare spending
reduced public services
gptkbp:criticizedFor increasing unemployment
reducing economic growth
gptkbp:debatedBy macroeconomics
https://www.w3.org/2000/01/rdf-schema#label Austerity Measures
gptkbp:implementedIn governments
gptkbp:involves tax increases
spending cuts
gptkbp:notableExample gptkb:Eurozone_crisis
Greece debt crisis
gptkbp:oftenResultIn public protests
gptkbp:opposedBy Keynesian economists
gptkbp:relatedTo gptkb:economic_policy
gptkbp:supportedBy gptkb:International_Monetary_Fund
gptkb:World_Bank
gptkb:European_Central_Bank
gptkbp:usedDuring sovereign debt crises
gptkbp:bfsParent gptkb:David_Gorton
gptkb:Sovereign_Debt
gptkbp:bfsLayer 7