How have different European countries implemented austerity measures since the financial crisis? Andrea Müller, Irene Ramos-Vielba, Werner Schmidt, Annette Thörnquist and Christer Thörnqvist write on developments within four countries: Germany, Spain, Sweden and the UK. They argue that there is little evidence to suggest that the failure to modernise the public sector in these countries was a key driver in the economic problems caused by the crisis.
U. Cantner, W. Gerstlberger, and I. Roy. Jena Economic Research Papers, 2014-006. Friedrich Schiller University Jena, Max Planck Institute of Economics, Jena, (March 2014)