Guilherme Klein Martins holds a master’s and bachelor’s degree in Economics from the University of São Paulo, and is a PhD student in Economics at the University of Massachusetts Amherst.

February 8, 2023


The Long Run

Austerity’s impacts on GDP

Few economic terms over the last few decades have been more influential than “austerity,” invoked by governments and financial institutions as a blanket solution for economic crises, and inspiring intense debate in the public sphere. Austerity, defined by economists as “a…