Austerity: When is it a mistake and when is it necessary?

by John Fender

Overview

A clear and rigorous guide to the principles and mechanisms of austerity economics, which offers a balanced point of reference for anyone keen to understand the economic thinking behind key policy decisions in the wake of the financial crisis.

Product Details

ISBN-13:	9781788213776
Publisher:	Agenda Publishing
Publication date:	09/10/2020
Series:	The Economy Key Ideas
Sold by:	Barnes & Noble
Format:	eBook
File size:	3 MB

About the Author

John Fender is Professor of Macroeconomics and leader of the Macroeconomics and Finance Research Group at the University of Birmingham. His books include Understanding Keynes, Inflation: A Contemporary Perspective and Monetary Policy.

Table of Contents

1. Introduction


2. The economics of austerity I


3. The economics of austerity II


4. The term structure of interest rates


5. A simple model


6. Austerity in the United Kingdom


7. Austerity in the eurozone


8. Austerity in the rest of the world


9. The optimal time path of government debt (or how should fiscal policy be conducted?)


10. Policy in a world where severe deflationary shocks are possible


11. Conclusion: when are austerity measures necessary or desirable?

Editorial Reviews

A concise, thoughtful, and temperate guide ... I warmly recommend it.

Society of Professional Economists

This book is extremely timely. Moreover, its balanced and clear-headed approach is a valuable antidote to the kind of emotive discussion that has dominated the debate over the past ten years.

Tim Besley