The paradox of fiscal austerity : how cutting deficits saved the modern world /
Justin Vélez-Hagan.
- pages cm
Contents Introduction: The Paradox Explained PART ONE: WHAT IS AND WHAT IS TO COME 1 Disaster and Debt 2 How Did We Respond? 3 What We (Think We) Knew, Before We Didn’t Know 4 How’d It All Work Out? 5 It’s All Political PART TWO: SOME INTERESTING CASES: WHAT HAPPENED WHEN, WHERE, AND WHY 6 Hellenic Hellions or Heroes of Hellas? 7 The Enchanted (and indebted) Island of Puerto Rico 8 Nipponomics 9 The Paradox of Argentine Austerity Conclusion: Is There Really a Paradox? Bibliography Index About the Author
"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 counter-intuitive and least politically feasible, catching policymakers in a fiscal paradox"--