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

Author:   Professor John Fender (University of Birmingham)
Publisher:   Agenda Publishing
ISBN:  

9781911116936


Pages:   144
Publication Date:   10 September 2020
Format:   Paperback
Availability:   In Print   Availability explained
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Austerity: When is it a mistake and when is it necessary?


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Author:   Professor John Fender (University of Birmingham)
Publisher:   Agenda Publishing
Imprint:   Agenda Publishing
ISBN:  

9781911116936


ISBN 10:   1911116932
Pages:   144
Publication Date:   10 September 2020
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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?

Reviews

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, London School of Economics


Author Information

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.

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