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020 ▼a 9780691185019 ▼q (electronic bk.)
020 ▼a 0691185018 ▼q (electronic bk.)
020 ▼z 0691172218
020 ▼z 9780691172217
035 ▼a 1867647 ▼b (N$T)
035 ▼a (OCoLC)1077292359
037 ▼a 22573/ctvc5q2ct ▼b JSTOR
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08204 ▼a 338.542 ▼2 22
1001 ▼a Alesina, Alberto, ▼e author.
24510 ▼a Austerity : ▼b when it works and when it doesn't / ▼c Alberto Alesina, Carlo Favero, and Francesco Giavazzi. ▼h [electronic resource]
260 1 ▼a Priceton : ▼b Princeton University Press, ▼c 2019.
300 ▼a 1 online resource.
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
504 ▼a Includes bibliographical references and index.
5050 ▼a Cover; Title; Copyright; Dedication; CONTENTS; Acknowledgments; 1 Introduction; Austerity; Four Contributions of This Book; The Punchline in a Nutshell; Organization of the Book; 2 Theory; Introduction; The Simple Keynesian Model; The Future; Confidence and Uncertainty; Austerity and the Business Cycle; Multiyear Plans; Incentives and the Supply Side; Accompanying Policies; Conclusions; 3 Expansionary and Recessionary Austerity up to the Financial Crisis of 2008; Introduction; Expansionary Austerity; Recessionary Austerity; Conclusions; 4 Measuring the Effects of Fiscal Policy; Introduction
5058 ▼a The Empirical EvidenceMultipliers during Austerity: The Early Literature; The Narrative Approach; Conclusions; 5 Fiscal Plans; Introduction; Constructing Fiscal Plans; Measuring the Effects of Fiscal Plans; Conclusions; 6 The Data; Introduction: A Broad Look at Our Data; The Data in More Detail; Other Data and Sources; Conclusions; 7 The Effects of Austerity; Introduction; Taxes versus Expenditures; The Role of Accompanying Policies; An Alternative Specification; Why Do EB and TB Plans Have Different Effects?; Conclusions; 8 European Austerity during the Great Recession; Introduction
5058 ▼a Europe in the Aftermath of the Financial CrisisEuropean Austerity; Evaluating European Austerity in 2010-14; The Greek Tragedy; Did Fiscal Multipliers Change after the Crisis?; Conclusions; 9 When Austerity?; Introduction; Fiscal Policy in Booms and Recessions; "How" and "When"; The "When" and the How" Together; Austerity at the Zero Lower Bound; Conclusions; 10 Austerity and Elections; Introduction; Existing Evidence; Fiscal Plans and Elections; A Few Examples; Discussion; Conclusions; 11 Conclusions; 12 The Models in Our Book: A User's Guide; Introduction
5058 ▼a Why Simulating Models? A Simple ExampleOur Empirical Models: An Overview; The Models Used in the Literature to Measure Multipliers; The Models in Chapter 7; Fiscal Adjustments and the Dynamics of Debt over GDP; TB versus EB Austerity in a General Equilibrium Model; Reconsidering Blanchard and Leigh (2014) in Chapter 8; The Model of "How" and "When" in Chapter 9; Who Adjusts and Who Wins: More Details on the Model for Chapter 10; Notes; References; Index
5208 ▼a 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'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.
5880 ▼a Online resource; title from PDF title page (EBSCO, viewed December 5, 2018).
590 ▼a Master record variable field(s) change: 072
650 0 ▼a Recessions.
650 0 ▼a Financial crises.
650 0 ▼a Government spending policy.
650 7 ▼a BUSINESS & ECONOMICS / Economics / General ▼2 bisacsh
650 7 ▼a BUSINESS & ECONOMICS / Reference ▼2 bisacsh
650 7 ▼a BUSINESS & ECONOMICS / Industries / General. ▼2 bisacsh
650 7 ▼a Financial crises. ▼2 fast ▼0 (OCoLC)fst00924607
650 7 ▼a Government spending policy. ▼2 fast ▼0 (OCoLC)fst00945615
650 7 ▼a Recessions. ▼2 fast ▼0 (OCoLC)fst01091358
650 7 ▼a BUSINESS & ECONOMICS / Money & Monetary Policy ▼2 bisacsh
655 4 ▼a Electronic books.
7001 ▼a Favero, Carlo, ▼e author.
7001 ▼a Giavazzi, Francesco, ▼e author.
77608 ▼i Print version: ▼a ALESINA, ALBERTO. ▼t AUSTERITY. ▼d [Place of publication not identified] : PRINCETON UNIV PRESS, 2019 ▼z 0691172218 ▼w (OCoLC)1032656468
85640 ▼3 EBSCOhost ▼u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1867647
938 ▼a De Gruyter ▼b DEGR ▼n 9780691185019
938 ▼a EBL - Ebook Library ▼b EBLB ▼n EBL5608828
938 ▼a EBSCOhost ▼b EBSC ▼n 1867647
990 ▼a 관리자
994 ▼a 92 ▼b N$T