A timely and incisive look at austerity measures that succeed "and
those that don (TM)t Fiscal 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 (TM)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 (TM)s most challenging
subjects, Austerity charts a sensible approach based on data
analysis rather than ideology.
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!