Austerity : when it works and when it doesn't / Alberto Alesina, Carlo Favero, and Francesco Giavazzi.
Fiscal 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 c...
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Princeton University Press,