The Paradox of Fiscal Austerity - Vélez-Hagan, Justin
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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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Produktbeschreibung
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.
Autorenporträt
Justin Vélez-Hagan is economic policy researcher at University of Maryland, Baltimore County.