Keynesianism and Austerity

Alain Parguez

Chapter 8 in Money and Production, 2024, pp 166-181 from Edward Elgar Publishing

Abstract: This paper addresses the relation between international financial markets and the policies of austerity of the late 1970s and 1980s. Emphasizing the theoretical core of austerity, the paper explains why those policies have initiated destabilizing movements of exchange rates and interest rates.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2024
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