Austerity: when it works and when it doesn't
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| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Princeton ; Oxford
Princeton University Press
[2019]
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| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | xii, 276 Seiten Diagramme |
| ISBN: | 9780691172217 |
Staff View
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Record in the Search Index
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| adam_text | CONTENTS Acknowledgments xi 1 Introduction Austerity 1 Four Contributions of This Book The Punchline in a Nutshell 10 Organization of the Book 14 l 8 2 Theory 17 Introduction 17 The Simple Keynesian Model 18 The Future 20 Confidence and Uncertainty 22 Austerity and the Business Cycle 23 Multiyear Plans 23 Incentives and the Supply Side 24 Accompanying Policies 26 Conclusions 28 3 Expansionary and Recessionary Austerity up to the Financial Crisis of 2008 29 Introduction 29 Expansionary Austerity 31 Recessionary Austerity 42 Conclusions 49 4 Measuring the Effects of Fiscal Policy 50 Introduction 50 The Empirical Evidence 51 Multipliers during Austerity: The Early Literature The Narrative Approach 59 Conclusions 63 56
viii ļ Contents 5 Fiscal Plans 64 Introduction 64 Constructing Fiscal Plans 65 Measuring the Effects of Fiscal Plans Conclusions 72 70 6 The Data 73 Introduction: A Broad Look at Our Data The Data in More Detail 78 Other Data and Sources 93 Conclusions 94 73 7 The Effects of Austerity 95 Introduction 95 Taxes versus Expenditures 95 The Role of Accompanying Policies 105 An Alternative Specification 112 Why Do EB and ТВ Plans Have Different Effects? Conclusions 116 113 8 European Austerity during the Great Recession Introduction 117 Europe in the Aftermath of the Financial Crisis 118 European Austerity 123 Evaluating European Austerity in 2010-14 141 The Greek Tragedy 148 Did Fiscal Multipliers Change after the Crisis? 157 Conclusions 158 9 When Austerity? 160 Introduction 160 Fiscal Policy in Booms and Recessions 161 “How” and “When” 163 The “When” and the How” Together 166 Austerity at the Zero Lower Bound 170 Conclusions 174 117
Contents 10 Austerity and Elections Introduction 175 Existing Evidence 176 Fiscal Plans and Elections A Few Examples 183 Discussion 187 Conclusions 192 175 180 11 Conclusions 194 12 The Models in Our Book: A User’s Guide 203 Introduction 203 Why Simulating Models? A Simple Example 204 Our Empirical Models: An Overview 205 The Models Used in the Literature to Measure Multipliers 206 The Models in Chapter 7 214 Fiscal Adjustments and the Dynamics of Debt over GDP 222 ТВ versus EB Austerity in a General Equilibrium Model 224 Reconsidering Blanchard and Leigh (2014) in Chapter 8 227 The Model of “How” and “When” in Chapter 9 232 Who Adjusts and Who Wins: More Details on the Model for Chapter 10 240 Notes 251 References 259 Index 267 I ix
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| indexdate | 2024-07-10T08:17:55Z |
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| isbn | 9780691172217 |
| language | English |
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| physical | xii, 276 Seiten Diagramme |
| publishDate | 2019 |
| publishDateSearch | 2019 |
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| publisher | Princeton University Press |
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| spelling | Alesina, Alberto 1957-2020 Verfasser (DE-588)125845804 aut Austerity when it works and when it doesn't Alberto Alesina, Carlo Favero, and Francesco Giavazzi Princeton ; Oxford Princeton University Press [2019] xii, 276 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier Sparpolitik (DE-588)4431627-6 gnd rswk-swf Fiscal policy Recessions Sparpolitik (DE-588)4431627-6 s DE-604 Favero, Carlo A. 1962- Verfasser (DE-588)124795951 aut Giavazzi, Francesco 1949- Verfasser (DE-588)128615249 aut Digitalisierung UB Passau - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030815021&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Alesina, Alberto 1957-2020 Favero, Carlo A. 1962- Giavazzi, Francesco 1949- Austerity when it works and when it doesn't Sparpolitik (DE-588)4431627-6 gnd |
| subject_GND | (DE-588)4431627-6 |
| title | Austerity when it works and when it doesn't |
| title_auth | Austerity when it works and when it doesn't |
| title_exact_search | Austerity when it works and when it doesn't |
| title_full | Austerity when it works and when it doesn't Alberto Alesina, Carlo Favero, and Francesco Giavazzi |
| title_fullStr | Austerity when it works and when it doesn't Alberto Alesina, Carlo Favero, and Francesco Giavazzi |
| title_full_unstemmed | Austerity when it works and when it doesn't Alberto Alesina, Carlo Favero, and Francesco Giavazzi |
| title_short | Austerity |
| title_sort | austerity when it works and when it doesn t |
| title_sub | when it works and when it doesn't |
| topic | Sparpolitik (DE-588)4431627-6 gnd |
| topic_facet | Sparpolitik |
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