Government Austerity in Practice

Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)


Various general categories of austerity measures as well as the specific policy actions adopted by a sample set of countries are summarized for highlighting relevant dimensions of socioeconomic sustainability that are affected or potentially influenced for years into the future. The specific government austerity measures including reductions in public spending on social programs suggest lack sufficient attention to the imperatives of socioeconomic sustainability requirements in this context. Substantial reforms are called for.


Social protection Reductions in public expenditure Vulnerable sections Natural disasters Socioeconomic sustainability 


  1. Antonakakis, N. (2013). Fiscal Austerity, unemployment and suicide rates in Greece, Munich: MPRA Paper #45198.Google Scholar
  2. Baker, D. (2010). The UK swallows austerity so we don’t have to. Retrieved October 25, 2010, from
  3. Cahill, K. M. (Ed.). (2012). More with less: disasters in an era of diminishing resources. New York: Fordham University Press.Google Scholar
  4. Cardona, O. D., et al. (2010). Disaster risk from a macroeconomic perspective: a metric for fiscal vulnerability evaluation. Disasters, 34, 1064–1083.CrossRefGoogle Scholar
  5. Chang, S., Stuckler, D., Yip, P., & Gunnell, D. (2013). Impact of 2008 global economic crisis on suicide: time trend study in 54 countries. British Medical Journal BMJ, 347. Retrieved September 17, 2013 from doi:
  6. Corsetti, G. (2013). Introduction. In G. Corsetti (Ed.), Austerity: Too Much of a Good Thing? A eCollection of views by leading economists, Centre for Economic Policy Research, pp. 1–11.Google Scholar
  7. Faux, J. (1988). The austerity trap and the growth alternative. World Policy Journal, 5, 367–412.Google Scholar
  8. Guajardo, J., Leigh, D., & Pescatori, A. (2011). Expansionary austerity: New international evidence. IMF Working Paper WP/11/158, Washington, DC: IMF.Google Scholar
  9. Hamza, M., & Zetter, R. (1998). Structural adjustment, urban systems, and disaster vulnerability in developing countries. Cities, 15, 291–299.CrossRefGoogle Scholar
  10. Heise, A., & Lierse, H. (2011a). The effects of European austerity programmes on social security systems. Modern Economy, 2, 498–513.Google Scholar
  11. Hesie, A., & Lierse, H. (2011b). Budget consolidation and the European social model. Berlin: Friedrich Ebert Stiftung.Google Scholar
  12. IMF. (2010). Strategies for fiscal consolidation in the post-crisis world. Washington, DC: IMF.Google Scholar
  13. IPCC. (2012). Managing the risks of extreme events and disasters to advance climate change adaptation. Special Report of the IPCC, Geneva, IPCC Secretariat.Google Scholar
  14. Karanikolos, M et al. (2013). Financial crisis, austerity, and health in Europe. Retrieved March 27, 2013,
  15. Kyrili, K., & Martin, M. (2010). The impact of the global economic crisis on the budgets of low-income countries. Oxford: Oxfam International.Google Scholar
  16. Lapavitsas, C et al. (2010). The Eurozone between austerity and default. RMF Occasional Report.
  17. Lapavitsas, C et al. (2011). Breaking up? a route out of the economic crisis. RMF Occasional Report #3.
  18. López, A. (2013). Spanish government announces more austerity as unemployment soars.
  19. Lis, E. M., & Nickel, C. (2009). The impact of extreme weather events on budget balances and implications for fiscal policy. Working Paper 1055, Frankfurt, European Central Bank.Google Scholar
  20. O’Brien, M. (2012). Austerity’s greatest failure. The Atlantic, April 2012.
  21. OECD. (2007). What promotes fiscal consolidation: OECD country experiences. Economics Department Working Paper # 553, Paris, OECD.Google Scholar
  22. Ortiz, I., Chai, J., Cummins, M., & Vergara, G. (2010). Prioritizing expenditures for a recovery for all: A rapid review of public expenditures in 126 developing countries. New York: UNICEF.Google Scholar
  23. Pelham, L., Clay, E., & Braunholz, T. (2011). Natural disasters: What is the role for social safety nets? World Bank social protection dscussion paper #1102. Washington, DC: World Bank.Google Scholar
  24. Rao, P. K. (2000). Sustainable development: Economics and policy. Oxford: Blackwell.Google Scholar
  25. Stuckler, D., Basu, S., Suhrcke, M., Coutts, A., & McKee, M. (2009). Public health effect of economic crisis and alternative policy responses in Europe: an empirical analysis. Lancet, 374, 315–323.CrossRefGoogle Scholar
  26. Theodoropoulou, S., & Watt, A. (2011). Withdrawal symptoms: An assessment of the austerity packages in Europe. Working Paper 2011.02, Brussels, European Trade Union Institute.Google Scholar
  27. Thomas, Jr. L. (2012). Spain Is Still Awaiting the Payoff From Austerity. The New York Times, April 27.
  28. Twigg, J., & Benson, C. (2007). Tools for mainstreaming disaster risk reduction: Guidance notes for development organizations, Geneva: IFRC / ProVention Consortium, Guidance Note # 3.Google Scholar
  29. UNCSD. (2012). Disaster risk reduction and resilience building. Rio + 20 Brief #8, New York, UN.Google Scholar
  30. UNFCCC. (2008). Integrating practices, tools and systems for climate risk assessment and management and strategies for disaster risk reduction into national policies and programmes. Bonn: UNFCCC Technical Paper FCCC/TP/2008/4.Google Scholar
  31. World Bank. (2006). Hazards of nature, risks to development: An IEG evaluation of world bank assistance for natural disasters. Washington, DC, World Bank / IEG.Google Scholar

Copyright information

© The Author(s) 2015

Authors and Affiliations

  1. 1.International Development ConsultantPrincetonUSA

Personalised recommendations