Austerity: Which Way Now?

Abdul Jalil
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Abdul Jalil: Pakistan Institute of Development Economics

No 2021:21, PIDE Knowledge Brief from Pakistan Institute of Development Economics

Abstract: Austerity, during the global financial crisis, was the rubric used to define the highly contractionary policies at the cost of domestic social and infrastructural needs (see Varoufakis, 2017). Economies with high fiscal deficits and high debt to GDP ratios are often pushed to adopt austerity IMF programmes (see Box 1 and 2, Alesina, et al. (2019).

Keywords: Austerity (search for similar items in EconPapers)
Pages: 7 pages
Date: 2021
New Economics Papers: this item is included in nep-dem and nep-mac
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