Fiscal Policy Responses to the Economic Crisis in the UK and the US

Edward Ashbee

Chapter 5 in The Legacy of the Crash, 2011, pp 79-98 from Palgrave Macmillan

Abstract: Abstract Despite the many references to an ‘Anglo-Saxon model’ bringing countries such as the US, the UK, Australia and New Zealand together there were, as the financial crisis unfolded, important economic policy differences between the US and the UK. In particular, discretionary fiscal policies took very different forms. While the formation of the Conservative-led Coalition government in Britain in May 2010 and its commitment to large-scale retrenchment made some of these differences very visible, there were policy cleavages between the two countries throughout the crisis period.

Keywords: Gross Domestic Product; Monetary Policy; Debt Level; Spending Level; Stimulus Package (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-34349-8_5

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DOI: 10.1057/9780230343498_5

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