Alberto Alesina: Austerity | Buch

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Cover: 9780691172217 | Austerity | When It Works and When It Doesn't | Alesina (u. a.) | Buch

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Sprache: Englisch

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Beschreibung

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. In this masterful book, three of today's leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many. Looking at thousands of fiscal measures adopted by sixteen advanced economies since the late 1970s, Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt. It shows that spending cuts have much smaller costs in terms of output losses than tax increases. Spending cuts can sometimes be associated with output gains in the case of expansionary austerity and are much more successful than tax increases at reducing the growth of debt. The authors also show that austerity is not necessarily the kiss of death for political careers as is often believed, and provide new insights into the recent cases of European austerity after the financial crisis.

Über den Autor

Alberto Alesina (1957-2020) was the Nathaniel Ropes Professor of Political Economy at Harvard University. He is the author, with Francesco Giavazzi, of The Future of Europe: Reform or Decline. Carlo Favero is the Deutsche Bank Chair in Quantitative Finance and Asset Pricing at Bocconi University in Italy. He is the author of Applied Macroeconometrics. Francesco Giavazzi is professor of economics at Bocconi University.

Erscheinungsjahr:	2019
Fachbereich:	Volkswirtschaft
Genre:	Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Buch
Seiten:	296
Inhalt:	Gebunden
ISBN-13:	9780691172217
ISBN-10:	0691172218
Sprache:	Englisch
Einband:	Gebunden
Autor:	Alesina, Alberto Favero, Carlo Giavazzi, Francesco
Hersteller:	Princeton University Press
Maße:	244 x 161 x 32 mm
Von/Mit:	Alberto Alesina (u. a.)
Erscheinungsdatum:	19.02.2019
Gewicht:	0,592 kg

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