How have the macroeconomic variables evolved in austerity? Has the right or the left played a decisive role on this?

Abstract

In this paper we will look at how macroeconomic variables have evolved in times of austerity and see if it has affected the country in general that governs on the right or on the left in times of austerity. The countries chosen for the study are the GIIPS that had the worst impact of the debt crisis. We will carry out the study beforehand by analysing how the variables have changed in the countries and by consulting the documents, data, articles, etc, that have been published. The other study is based on a VAR model, which will allow us to obtain how the GDP varies in relation to increases in the debt and thus check the differences when the right or left governs.