Austerity: When It Works and When It Doesn't
A timely and incisive look at austerity measures that succeed-and those that don'tFiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times a...
Gespeichert in:
| Hauptverfasser: | , , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Princeton, NJ
Princeton University Press
[2019]
|
| Schlagworte: | |
| Online-Zugang: | FAB01 FAW01 FHA01 FKE01 FLA01 UBG01 UPA01 FCO01 Volltext |
| Zusammenfassung: | A timely and incisive look at austerity measures that succeed-and those that don'tFiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. In this masterful book, three of today's leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many.Looking at thousands of fiscal measures adopted by sixteen advanced economies since the late 1970s, Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt. It shows that spending cuts have much smaller costs in terms of output losses than tax increases. Spending cuts can sometimes be associated with output gains in the case of expansionary austerity and are much more successful than tax increases at reducing the growth of debt. The authors also show that austerity is not necessarily the kiss of death for political careers as is often believed, and provide new insights into the recent cases of European austerity after the financial crisis.Bringing needed clarity to one of today's most challenging subjects, Austerity charts a sensible approach based on data analysis rather than ideology |
| Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Jan 2019) |
| Beschreibung: | 1 online resource |
| ISBN: | 9780691185019 |
| DOI: | 10.1515/9780691185019 |
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| author | Alesina, Alberto 1957-2020 Favero, Carlo A. 1962- Giavazzi, Francesco 1949- |
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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, Francesco Giavazzi, Carlo Favero Princeton, NJ Princeton University Press [2019] © 2019 1 online resource txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Jan 2019) A timely and incisive look at austerity measures that succeed-and those that don'tFiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. In this masterful book, three of today's leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many.Looking at thousands of fiscal measures adopted by sixteen advanced economies since the late 1970s, Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt. It shows that spending cuts have much smaller costs in terms of output losses than tax increases. Spending cuts can sometimes be associated with output gains in the case of expansionary austerity and are much more successful than tax increases at reducing the growth of debt. The authors also show that austerity is not necessarily the kiss of death for political careers as is often believed, and provide new insights into the recent cases of European austerity after the financial crisis.Bringing needed clarity to one of today's most challenging subjects, Austerity charts a sensible approach based on data analysis rather than ideology In English Financial crises Government spending policy Recessions Sparpolitik (DE-588)4431627-6 gnd rswk-swf Sparpolitik (DE-588)4431627-6 s 1\p DE-604 Favero, Carlo A. 1962- (DE-588)124795951 aut Giavazzi, Francesco 1949- (DE-588)128615249 aut https://doi.org/10.1515/9780691185019 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Alesina, Alberto 1957-2020 Favero, Carlo A. 1962- Giavazzi, Francesco 1949- Austerity When It Works and When It Doesn't Financial crises Government spending policy Recessions 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, Francesco Giavazzi, Carlo Favero |
| title_fullStr | Austerity When It Works and When It Doesn't Alberto Alesina, Francesco Giavazzi, Carlo Favero |
| title_full_unstemmed | Austerity When It Works and When It Doesn't Alberto Alesina, Francesco Giavazzi, Carlo Favero |
| 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 | Financial crises Government spending policy Recessions Sparpolitik (DE-588)4431627-6 gnd |
| topic_facet | Financial crises Government spending policy Recessions Sparpolitik |
| url | https://doi.org/10.1515/9780691185019 |
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