Expansionary Austerity New International Evidence - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Expansionary Austerity New International Evidence write by Mr.Daniel Leigh. This book was released on 2011-07-01. Expansionary Austerity New International Evidence available in PDF, EPUB and Kindle. This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Austerity
Austerity - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Austerity write by Alberto Alesina. This book was released on 2020-12. Austerity available in PDF, EPUB and Kindle. A revealing look at austerity measures that succeed—and those that don't 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. Bringing needed clarity to one of today's most challenging economic issues, three leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many. Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt, shows that austerity is not necessarily the kiss of death for political careers as is often believed, and charts a sensible approach based on data analysis rather than ideology.
Fiscal Adjustments in OECD Countries
Fiscal Adjustments in OECD Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Adjustments in OECD Countries write by Mr.Alberto Alesina. This book was released on 1996-07-01. Fiscal Adjustments in OECD Countries available in PDF, EPUB and Kindle. This paper studies how the composition of fiscal adjustments influences their likelihood of “success”, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill have a better chance of being successful and are expansionary. On the contrary fiscal adjustments which rely primarily on tax increases and cuts in public investment tend not to last and are contractionary. We discuss alterative explanations for these findings by studying both a full sample of OECD countries and by focusing on three case studies: Denmark, Ireland and Italy.
The Austerity State
The Austerity State - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Austerity State write by Stephen McBride. This book was released on 2017-09-18. The Austerity State available in PDF, EPUB and Kindle. The fall-out from the economic and financial crisis of 2008 had profound implications for countries across the world, leading different states to determine the best approach to mitigating its effects. In The Austerity State, a group of established and emerging scholars tackles the question of why states continue to rely on policies that, on many levels, have failed. After 2008, austerity policies were implemented in various countries, a fact the contributors link to the persistence of neoliberalism and its accepted wisdoms about crisis management. In the immediate aftermath of the 2008 collapse, governments and central banks appeared to adopt a Keynesian approach to salvaging the global economy. This perception is mistaken, the authors argue. The “austerian” analysis of the crisis is ahistorical and shifts the blame from the under-regulated private sector to public, or sovereign, debt for which public authorities are responsible. The Austerity State provides a critical examination of the accepted discourse around austerity measures and explores the reasons behind its continued prevalence in the world.
Austerity
Austerity - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Austerity write by Mark Blyth. This book was released on 2015. Austerity available in PDF, EPUB and Kindle. In Austerity: The History of a Dangerous Idea, Mark Blyth, a renowned scholar of political economy, provides a powerful and trenchant account of the shift toward austerity policies by governments throughout the world since 2009. The issue is at the crux about how to emerge from the Great Recession, and will drive the debate for the foreseeable future.
