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The Paradox of Fiscal Austerity
- How Cutting Deficits Saved the Modern World
Engelsk
Bogcover for The Paradox of Fiscal Austerity af Justin Velez-Hagan, 9781498571951
Specifikationer
Sprog:
Engelsk
Sider:
222
ISBN-13:
9781498571951
Indbinding:
Paperback
ISBN-10:
1498571956
Udg. Dato:
28 jun 2021
Størrelse i cm:
15,2 x 23,0 x 1,5
Oplagsdato:
28 jun 2021
Forfatter(e):

The Paradox of Fiscal Austerity

- How Cutting Deficits Saved the Modern World
Engelsk
Paperback 2021
Format:

Bog beskrivelse

If governments followed the optimal fiscal policy path, surpluses in good times would counter necessary deficits during economic downturns, leading to worldwide balance. The world, however, has chosen to go in a different direction in recent decades, avoiding thrift in light of a decidedly more indebted future. When financial crises kicked off a global recession in 2008, the spotlight placed on countries’ fiscal conditions put pressure on policymakers around the globe to find a way to slow the growth of deficits and debt by imposing fiscal consolidations (or, more simply, austerity). How have these policies fared across the developed world? Were they even necessary to begin with? This book examines the many factors that have contributed to the success (or failure) of such policies, including timing, magnitude, accompanying policies, composition, and more, while explaining the economic rationale behind their choices.

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Specifikationer
Sprog:
Engelsk
Sider:
222
ISBN-13:
9781498571951
Indbinding:
Paperback
ISBN-10:
1498571956
Udg. Dato:
28 jun 2021
Størrelse i cm:
15,2 x 23,0 x 1,5
Oplagsdato:
28 jun 2021
Forfatter(e):
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