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001			20683903
003			OSt
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008			180927t20192019njua b 001 0 eng d
010			_a 2018959619
015			_aGBB8M5999 _2bnb
016	7		_a019157334 _2Uk
020			_a9780691172217 _qhardcover
020			_a0691172218 _qhardcover
035			_a(OCoLC)on1032656468
040			_aYDX _beng _cYDX _erda _dBDX _dERASA _dUKMGB _dOCLCO _dOCLCQ _dOCLCF _dSYB _dYDXIT _dMNW _dCLE _dBDP _dOCL _dUBY _dDLC
042			_alccopycat
050	0	0	_aHB3716 _b.A44 2019
055		3	_aPurchase on request / Achat sur demande
082	0	4	_a338.542 _223
092			_20
100	1		_aAlesina, Alberto, _eauthor.
245	1	0	_aAusterity [electronic resource]: _bwhen it works and when it doesn't / _cAlberto Alesina, Carlo Favero, and Francesco Giavazzi.
264		1	_aPrinceton : _bPrinceton University Press, _c[2019]
264		4	_c©2019
300			_a1 digital resource (xii, 276 pages) : _billustrations (some color) ; _c25 cm
336			_atext _btxt _2rdacontent
336			_astill image _bsti _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references (pages 259-266) and index.
505	0		_aIntroduction. Austerity ; Four contributions of this book ; The punchline in a nutshell -- Theory. The simple Keynesian model ; The future ; Confidence and uncertainty ; Austerity and the business cycle ; Multiyear plans ; Incentives and the supply side ; Accompanying policies -- Expansionary and recessionary austerity up to the financial crisis of 2008. Expansionary austerity ; Recessionary austerity -- Measuring the effects of fiscal policy. The empirical evidence ; Multipliers during austerity: the early literature ; The narrative approach -- Fiscal plans. Constructing fiscal plans ; Measuring the effects of fiscal plans -- The data. Introduction: A broad look at our data ; The data in more detail ; Other data and sources -- The effects of austerity. Taxes versus expenditures ; The role of accompanying policies ; An alternative specification ; Why do EB and TB plans have different effects? -- 8 European austerity during the great recession. Europe in the aftermath of the financial crisis -- European austerity ; Evaluating European austerity in 2010-14 ; The Greek tragedy ; Did fiscal multipliers change after the crisis? -- When austerity? Fiscal policy in booms and recessions ; "How" and "when" ; The "when" and the how " together ; Austerity at the zero lower bound -- Austerity and elections. Existing evidence ; Fiscal plans and elections ; A few examples -- The models in our book: a user's guide. Why simulating models? a simple example ; Our empirical models: an overview ; The models used in the literature to measure multipliers ; The models in Chapter 7 ; Fiscal adjustments and the dynamics of debt over GDP ; TB versus EB austerity in a general equilibrium model -- Reconsidering Blanchard and Leigh (2014) in chapter 8 ; The model of "How" and "when" in chapter 9 ; Who adjusts and who wins: more details on the model for chapter 10.
520	8		_aFiscal 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. In this masterful book, three of today's leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many. Looking at thousands of fiscal measures adopted by sixteen advanced economies since the late 1970s, "Austerity" assesses the relative effectiveness of tax increases and spending cuts at reducing debt. It shows that spending cuts have much smaller costs in terms of output losses than tax increases. Spending cuts can sometimes be associated with output gains in the case of expansionary austerity and are much more successful than tax increases at reducing the growth of debt. The authors also show that austerity is not necessarily the kiss of death for political careers as is often believed, and provide new insights into the recent cases of European austerity after the financial crisis. Bringing needed clarity to one of today's most challenging subjects, "Austerity" charts a sensible approach based on data analysis rather than ideology.
650		0	_aRecessions.
650		0	_aFiscal policy.
650		0	_aFinancial crises.
650		0	_aGovernment spending policy.
650		7	_aGovernment spending policy. _2fast _0(OCoLC)fst00945615
650		7	_aFinancial crises. _2fast _0(OCoLC)fst00924607
650		7	_aFiscal policy. _2fast _0(OCoLC)fst00925806
650		7	_aRecessions. _2fast _0(OCoLC)fst01091358
700	1		_aFavero, Carlo A., _eauthor.
700	1		_aGiavazzi, Francesco, _eauthor.
887			_2CamTech Library
906			_a7 _bcbc _ccopycat _d2 _encip _f20 _gy-gencatlg
942			_2ddc _cEM _n0
999			_c1252 _d1252