Austerity : : When It Works and When It Doesn't / / Francesco Giavazzi, Alberto Alesina, Carlo Favero.
A timely and incisive look at austerity measures that succeed-and those that don'tFiscal 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 a...
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Superior document: | Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2019 English |
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Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2019] ©2019 |
Year of Publication: | 2019 |
Language: | English |
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Physical Description: | 1 online resource (296 p.) |
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100 | 1 | |a Alesina, Alberto, |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
245 | 1 | 0 | |a Austerity : |b When It Works and When It Doesn't / |c Francesco Giavazzi, Alberto Alesina, Carlo Favero. |
264 | 1 | |a Princeton, NJ : |b Princeton University Press, |c [2019] | |
264 | 4 | |c ©2019 | |
300 | |a 1 online resource (296 p.) | ||
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505 | 0 | 0 | |t Frontmatter -- |t CONTENTS -- |t ACKNOWLEDGMENTS -- |t 1. Introduction -- |t 2. Theory -- |t 3. Expansionary and Recessionary Austerity up to the Financial Crisis of 2008 -- |t 4. Measuring the Effects of Fiscal Policy -- |t 5. Fiscal Plans -- |t 6. The Data -- |t 7. The Effects of Austerity -- |t 8. European Austerity during the Great Recession -- |t 9. When Austerity? -- |t 10. Austerity and Elections -- |t 11. Conclusions -- |t 12. The Models in Our Book: A User's Guide -- |t NOTES -- |t REFERENCES -- |t INDEX |
506 | 0 | |a restricted access |u http://purl.org/coar/access_right/c_16ec |f online access with authorization |2 star | |
520 | |a A timely and incisive look at austerity measures that succeed-and those that don'tFiscal 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. | ||
530 | |a Issued also in print. | ||
538 | |a Mode of access: Internet via World Wide Web. | ||
546 | |a In English. | ||
588 | 0 | |a Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) | |
650 | 0 | |a Financial crises. | |
650 | 0 | |a Fiscal policy. | |
650 | 0 | |a Government spending policy. | |
650 | 0 | |a Recessions. | |
650 | 7 | |a BUSINESS & ECONOMICS / Public Finance. |2 bisacsh | |
700 | 1 | |a Favero, Carlo, |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
700 | 1 | |a Giavazzi, Francesco, |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
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773 | 0 | 8 | |i Title is part of eBook package: |d De Gruyter |t Princeton University Press Complete eBook-Package 2019 |z 9783110663365 |
776 | 0 | |c print |z 9780691172217 | |
856 | 4 | 0 | |u https://doi.org/10.1515/9780691185019?locatt=mode:legacy |
856 | 4 | 0 | |u https://www.degruyter.com/isbn/9780691185019 |
856 | 4 | 2 | |3 Cover |u https://www.degruyter.com/cover/covers/9780691185019.jpg |
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