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The paradox of fiscal austerity/ Justin Vélez-Hagan.

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dc.contributor.author Vélez-Hagan Justin
dc.date.accessioned 2024-01-29T21:49:39Z
dc.date.available 2024-01-29T21:49:39Z
dc.date.issued 2020
dc.identifier.citation Vélez-Hagan. The paradox of fiscal austerity - 1 online resource (v, 215 pages) : - URL: https://libweb.kpfu.ru/ebsco/pdf/2359498.pdf
dc.identifier.isbn 9781498571944
dc.identifier.isbn 1498571948
dc.identifier.uri https://dspace.kpfu.ru/xmlui/handle/net/179954
dc.description Subtitle from cover.
dc.description Includes bibliographical references (pages (203-210) and index.
dc.description.abstract 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.
dc.description.tableofcontents Introduction : the paradox explained -- What is and what is to come. Disaster and debt ; How did we respond ; What we (think we) knew, before we didn't know ; How'd it all work out? ; It's all political -- Some interesting cases : what happened when, where, and why. Hellenic hellions or heroes of hellas? ; The enchanted (and indebted) island of Puerto Rico ; Nipponomics ; The paradox of Argentine austerity -- Conclusion : is there really a paradox?
dc.language English
dc.language.iso en
dc.subject.other Economic policy.
dc.subject.other Global Financial Crisis, 2008-2009 -- Influence.
dc.subject.other Budget deficits.
dc.subject.other Budget deficits.
dc.subject.other Economic policy.
dc.subject.other Influence (Literary, artistic, etc.)
dc.subject.other Electronic books.
dc.title The paradox of fiscal austerity/ Justin Vélez-Hagan.
dc.type Book
dc.description.pages 1 online resource (v, 215 pages) :
dc.collection Электронно-библиотечные системы
dc.source.id EN05CEBSCO05C10300301


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