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The Paradox of Fiscal Austerity: How Cutting Deficits Saved the Modern World
Justin Vélez-Hagan
(Autor)
·
Lexington Books
· Tapa Blanda
The Paradox of Fiscal Austerity: How Cutting Deficits Saved the Modern World - Vélez-Hagan, Justin
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Reseña del libro "The 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.
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