When Is Austerity Right?: In Boom, Not Bust

Arjun Jayadev and Mike Konczal

Challenge, 2010, vol. 53, issue 6, 37-53

Abstract: History shows that austerity does not work when economies are weakening. Some influential studies argue otherwise. These two writers show that the leading such study does not prove the point. If anything, the data show the very opposite. Do not try to cut deficits in recession or weak recovery.

Date: 2010
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DOI: 10.2753/0577-5132530602

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