Austerity : when is it a mistake and when is it necessary? /

Austerity has dominated economic debate since the financial crisis of 2008. Governments have implemented austerity policies by reducing their spending on goods and services, increasing taxation and cutting welfare budgets. John Fender explains how austerity (or "fiscal consolidation") work...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Fender, John (Author)
Format: Electronic eBook
Language:Inglés
Published: Newcastle upon Tyne : Agenda Publishing Limited, 2020.
Series:Economy, key ideas.
Subjects:
Economic policy.
Financial crises > Government policy.
Politique économique.
Livres numériques.
e-books.
Online Access:Texto completo
Table of Contents:
  • Intro
  • Title Page
  • Copyright Page
  • Contents
  • Preface and Acknowledgements
  • 1. Introduction
  • 2. The economics of austerity I
  • 3. The economics of austerity II
  • 4. The term structure of interest rates
  • 5. A simple model
  • 6. Austerity in the United Kingdom
  • Addendum: options for raising taxation in the UK
  • 7. Austerity in the eurozone
  • 8. Austerity in the rest of the world
  • 9. The optimal time path of government debt (or how should fiscal policy be conducted?)
  • 10. Policy in a world where severe deflationary shocks are possible
  • 11. Conclusion: when are austerity measures necessary or desirable?
  • Appendix: UK Debt-GDP ratios, 1695-2020
  • References
  • Index

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