Paradox of Fiscal Austerity - How Cutting Deficits Saved the Modern World

When financial crises initiated a global recession in 2008, massive public debt forced policymakers in the developed world to impose tough fiscal consolidations to counter growing deficits. The most effective solutions, however, were often the ones most counterintuitive and least politically feasible, catching policymakers in a fiscal paradox.

List of contents

Chapter One: Disaster & Debt

Chapter Two: How Did We Respond

Chapter Three: What We [Think We] Knew, Before We Didn't Know

Chapter Four: How'd it All Work Out?

Chapter Five: It's All Political

Chapter Six: Hellenic Hellions or Heroes of Hellas?

Chapter Seven: The Enchanted (and indebted) Island of Puerto Rico

Capter Eight: Nipponomics

Chapter Nine: The Paradox of Argentine Austerity

About the author

Justin Vélez-Hagan is economic policy researcher at University of Maryland, Baltimore County.

Summary

When financial crises initiated a global recession in 2008, massive public debt forced policymakers in the developed world to impose tough fiscal consolidations to counter growing deficits. The most effective solutions, however, were often the ones most counterintuitive and least politically feasible, catching policymakers in a fiscal paradox.

Product details

• Authors: Justin Velez-Hagan, Justin Vélez-Hagan, Velez-Hagan Justin
• Publisher: Lexington Books
• Languages: English
• Product format: Hardback
• Released: 30.11.2019
• EAN: 9781498571937
• ISBN: 978-1-4985-7193-7
• No. of pages: 222
• Subjects: Social sciences, law, business > Business > General, dictionaries; BUSINESS & ECONOMICS / Economic History, POLITICAL SCIENCE / Public Policy / Economic Policy, Economic history, Political Economy, Central / national / federal government policies, Central government policies