Alesina, Alberto

Austerity: When It Works and When It Doesn't

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ISBN 13:: 9780691172217
author:: Alesina, Alberto
format:: Hardback
publisher:: Princeton University Press
language:: English
Publication Year:: 2019
Pages:: 296
Dimensions:: 23.5 x 15.5 centimetres
Genre:: Business, Money & Monetary Policy, Business
Condition:: New
Availability:: Item usually sent within 10 working days

£27.69

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Description

Description

Austerity When It Works and When It Doesn't by Alberto Alesina, Carlo Favero, and Francesco Giavazzi is a timely analysis of fiscal austerity measures. The authors examine thousands of fiscal policies adopted by advanced economies since the late 1970s to demonstrate that there is no one-size-fits-all approach to reducing debt. The book assesses the relative effectiveness of tax increases and spending cuts in reducing debt, finding that spending cuts have smaller costs in terms of output losses than tax increases. It also explores the impact of austerity on political careers and provides new insights into European austerity after the financial crisis. By cutting through the noise and focusing on data analysis rather than ideology, Alesina, Favero, and Giavazzi bring much-needed clarity to this complex subject. This book offers a sensible approach to understanding fiscal policy and its effects on economies, making it a valuable resource for policymakers, economists, and anyone interested in the challenges of reducing debt.

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