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The paradox of fiscal austerity : how cutting deficits saved the modern world /

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자료유형E-Book
개인저자Ve?lez-Hagan, Justin, author.
서명/저자사항The paradox of fiscal austerity :how cutting deficits saved the modern world /Justin Ve?lez-Hagan.
발행사항Lanham, Maryland : Lexington Books, [2020]
형태사항1 online resource (v, 215 pages.)
소장본 주기Added to collection customer.56279.3
ISBN9781498571944
1498571948


일반주기 Subtitle from cover.
서지주기Includes bibliographical references and index.
요약If 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.
일반주제명Economic policy.
Global Financial Crisis, 2008-2009 -- Influence.
Budget deficits.
Economic policy.
Influence (Literary, artistic, etc.)
언어영어
기타형태 저록Print version:9781498571944
Print version:9781498571937149857193X
대출바로가기http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=2359498

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