Abstract This paper investigates the role of hysteresis in long-term transmission consolidations a panel 17 OECD countries. The evidence supports that labour market is main driver consolidations’ effects: an increase rigidity exacerbates and prolongs contraction following tax-based consolidations, while it mutes expansion expenditure-based consolidations. In contrast, response productivity irre...

This paper examines how fear and insecurity are deployed in disputes over austerity. Drawing on discussions the cultures of social political process which weaves into fabric society, we analyse austerity was justified opposed Finnish parliament 2015. We bring out different renditions five registers justification that were dispute. The evoked with threats to national sovereignty, dangers societa...