Austerity Policies: A Way to Escape from the Crisis?

Hikmet Gülçin Beken ()
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Hikmet Gülçin Beken: Gümüşhane University, Postal: Gümüşhane Üniversitesi; İİBF; İktisat Bölümü; Gümüşhane; Türkiye

Bulletin of Economic Theory and Analysis, 2016, vol. 1, issue 1, 87-122

Abstract: Austerity policies have been widely implemented after the financial crisis of 2008. The social and economic effects of austerity policies can be better understood in the light of global economic system. The existence of neo-liberal policies, financial deregulation and inequality in our world, austerity policies affect both developed and the developing countries differently. Therefore, the conceptualization of this well-known policies and the common critics of these policies will be given in this study.

Keywords: Austerity Policies; Fiscal Policy; Fiscal Consolidation; The 2008 Financial Crisis (search for similar items in EconPapers)
JEL-codes: E60 E62 G01 (search for similar items in EconPapers)
Date: 2016
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