Austerity: When It Works and When It Doesn't - Softcover

Alesina; Alberto

Softcover

ISBN 10: 0691208638 ISBN 13: 9780691208633

Publisher: Princeton University Press, 2021

Synopsis

A revealing look at austerity measures that succeed-and those that don't 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. Bringing needed clarity to one of today's most challenging economic issues, three leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many. Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt, shows that austerity is not necessarily the kiss of death for political careers as is often believed, and charts a sensible approach based on data analysis rather than ideology. Winner of the Hayek Book Prize, Manhattan Institute A Project Syndicate Best Read in 2019 One of the Financial Times' Summer Books of 2019: Economics

About this title

About the Author

Alberto Alesina (1957-2020) was the Nathaniel Ropes Professor of Political Economy at Harvard University. Carlo Favero is the Deutsche Bank Chair in Quantitative Finance and Asset Pricing at Bocconi University in Milan. Francesco Giavazzi is professor of economics at Bocconi University.

Edition details

• Publisher: Princeton University Press
• Publication date: 2021
• Language: English
• ISBN 10: 0691208638
• ISBN 13: 9780691208633
• Binding: Paperback
• Number of pages: 296