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The Paradox of Fiscal Austerity

- How Cutting Deficits Saved the Modern World
Af: Justin Velez-Hagan Engelsk Paperback

The Paradox of Fiscal Austerity

- How Cutting Deficits Saved the Modern World
Af: Justin Velez-Hagan Engelsk Paperback
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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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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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Produktdetaljer
Sprog: Engelsk
Sider: 222
ISBN-13: 9781498571951
Indbinding: Paperback
Udgave:
ISBN-10: 1498571956
Kategori: Statslig, National & Føderal politik
Udg. Dato: 28 jun 2021
Længde: 13mm
Bredde: 154mm
Højde: 218mm
Forlag: Lexington Books
Oplagsdato: 28 jun 2021
Forfatter(e): Justin Velez-Hagan
Forfatter(e) Justin Velez-Hagan

Kategori Statslig, National & Føderal politik

ISBN-13 9781498571951

Sprog Engelsk

Indbinding Paperback

Sider 222

Udgave

Længde 13mm

Bredde 154mm

Højde 218mm

Udg. Dato 28 jun 2021

Oplagsdato 28 jun 2021

Forlag Lexington Books