Is Fiscal Austerity Good for the Economy?

Concerns about fiscal imbalances in Europe and the United States have led to intense debates about whether governments should dramatically cut spending or increase taxes to reduce government debt — a course of action often called fiscal "austerity." But is austerity likely to hurt economic growth? That question has not been definitively answered — but even if austerity is costly in the short run, it may provide long-run benefits.

MoreLess

Year of publication:	2013
Authors:	Haltom, Renee Courtois ; Lubik, Thomas A.
Published in:	Richmond Fed Economic Brief. - Federal Reserve Bank of Richmond. - 2013, Sept, p. 1-5
Publisher:	Federal Reserve Bank of Richmond
Subject:	Economic Growth \| Fiscal Policy

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011026973