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008200224s2020 mdua ob 001 0 eng d
020 ▼a 9781498571944 ▼q (electronic bk.)
020 ▼a 1498571948 ▼q (electronic bk.)
020 ▼z 9781498571937
020 ▼z 149857193X
035 ▼a 2359498 ▼b (N$T)
035 ▼a (OCoLC)1139728872
040 ▼a YDX ▼b eng ▼e rda ▼e pn ▼c YDX ▼d OCL ▼d OCLCO ▼d N$T ▼d 248032
049 ▼a MAIN
050 4 ▼a HD87 ▼b .V45 2020
08204 ▼a 338.9 ▼2 23
1001 ▼a Ve?lez-Hagan, Justin, ▼e author.
24514 ▼a The paradox of fiscal austerity : ▼b how cutting deficits saved the modern world / ▼c Justin Ve?lez-Hagan.
260 ▼a Lanham, Maryland : ▼b Lexington Books, ▼c [2020]
300 ▼a 1 online resource (v, 215 pages.)
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼2 rdamedia
338 ▼a online resource ▼2 rdacarrier
500 ▼a Subtitle from cover.
504 ▼a Includes bibliographical references and index.
5208 ▼a If 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.
588 ▼a Description based on print version record.
590 ▼a Added to collection customer.56279.3
647 7 ▼a Global Financial Crisis ▼d (2008-2009) ▼2 fast ▼0 (OCoLC)fst01755654
650 0 ▼a Economic policy.
650 0 ▼a Global Financial Crisis, 2008-2009 ▼x Influence.
650 0 ▼a Budget deficits.
650 7 ▼a Economic policy. ▼2 fast ▼0 (OCoLC)fst00902025
650 7 ▼a Influence (Literary, artistic, etc.) ▼2 fast ▼0 (OCoLC)fst00972484
655 4 ▼a Electronic books.
77608 ▼i Print version: ▼z 9781498571944
77608 ▼i Print version: ▼z 9781498571937 ▼z 149857193X ▼w (OCoLC)1127836774
85640 ▼3 EBSCOhost ▼u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=2359498
938 ▼a YBP Library Services ▼b YANK ▼n 16546854
938 ▼a EBSCOhost ▼b EBSC ▼n 2359498
990 ▼a 관리자
994 ▼a 92 ▼b N$T