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Justin Vélez-Hagan
The Paradox of Fiscal Austerity
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2531491The Paradox of Fiscal Austerityhttps://www.gandhi.com.mx/the-paradox-of-fiscal-austerity-9781498571944/phttps://gandhi.vtexassets.com/arquivos/ids/2161430/5f133c27-bf2c-4a69-a4b7-e2283472ecda.jpg?v=638867414510170000721801MXNBloomsbury PublishingInStock/Ebooks/<p>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.</p>...2467336The Paradox of Fiscal Austerity721801https://www.gandhi.com.mx/the-paradox-of-fiscal-austerity-9781498571944/phttps://gandhi.vtexassets.com/arquivos/ids/2161430/5f133c27-bf2c-4a69-a4b7-e2283472ecda.jpg?v=638867414510170000InStockMXN99999DIEbook20199781498571944_W3siaWQiOiIyZmEzZjc5Ny0wY2YyLTQ4NTctOGZjOS0wMTgzYjNkNWRjYTEiLCJsaXN0UHJpY2UiOjg3OCwiZGlzY291bnQiOjg4LCJzZWxsaW5nUHJpY2UiOjc5MCwiaW5jbHVkZXNUYXgiOnRydWUsInByaWNlVHlwZSI6Ildob2xlc2FsZSIsImN1cnJlbmN5IjoiTVhOIiwiZnJvbSI6IjIwMjQtMDgtMjBUMDQ6MDA6MDBaIiwidG8iOiIyMDI0LTA5LTE1VDIzOjU5OjU5WiIsInJlZ2lvbiI6Ik1YIiwiaXNQcmVvcmRlciI6ZmFsc2V9LHsiaWQiOiIxY2VmNjBlMC00NDI5LTRkYzEtOWVhMS1iNzU4NjJkODg4MzEiLCJsaXN0UHJpY2UiOjc1NiwiZGlzY291bnQiOjc2LCJzZWxsaW5nUHJpY2UiOjY4MCwiaW5jbHVkZXNUYXgiOnRydWUsInByaWNlVHlwZSI6Ildob2xlc2FsZSIsImN1cnJlbmN5IjoiTVhOIiwiZnJvbSI6IjIwMjQtMDktMTZUMDA6MDA6MDBaIiwicmVnaW9uIjoiTVgiLCJpc1ByZW9yZGVyIjpmYWxzZX1d9781498571944_<p>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.</p>(*_*)9781498571944_<p>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.</p>...9781498571944_Lexington Bookslibro_electonico_a28e01f0-d719-3cbc-b32f-c36c5cc2cb4a_9781498571944;9781498571944_9781498571944Justin Vélez-HaganInglésMéxicoBloomsbury Publishinghttps://getbook.kobo.com/koboid-prod-public/rowman_academic-epub-2301b36a-c498-4730-967f-f6329901a953.epub2019-12-12T00:00:00+00:00