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

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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
• Publisher: Lexington Books
• Languages: English
• Product format: Paperback / Softback
• Released: 31.07.2021
• EAN: 9781498571951
• ISBN: 978-1-4985-7195-1
• No. of pages: 222
• Subjects: Social sciences, law, business > Business > General, dictionaries; BUSINESS & ECONOMICS / Economic History, POLITICAL SCIENCE / Political Economy, POLITICAL SCIENCE / Public Policy / Economic Policy, Economic history, Political Economy, Central / national / federal government policies, Central government policies