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It has prolonged the crisis and deepened recession.
That has deepened recession and helped push unemployment close to 25%.
Fiscal contraction has deepened recession in Europe's struggling economies, making them less able to repay their debts.
In making his argument that means-tested benefits have discouraged paid employment, deepened recession and prolonged unemployment, Professor Mulligan often describes his model as a simple "textbook analysis of labor supply".
Similar(56)
Germany's insistence that indebted Mediterranean countries cut government spending deepened recessions in those nations.
Austerity in troubled countries is deepening recession.
All economic indicators are now pointing toward a deepening recession.
A deepening recession has driven up joblessness, homelessness and crime.
These companies are less likely to be hard hit in case of a deepening recession.
But in a deepening recession deficit-cutting remains testing and Brussels wants a credible plan.
Meeting that goal in a deepening recession has led him to backtrack on some campaign promises.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com