EAN: 9780691208633

AUSTERITY - ALBERTO ALESINA CARLO FAVERO FRANCE...

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.

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