Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2009

A timely paper by academics Jacopo Ponticelli and Hans-Joachim Voth (published on line by the Social Science Research Network) which examines the question - 'Does fiscal consolidation lead to social unrest?'
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1899287