Baker, Dean - Center for Economic and Policy Research (CEPR) - 2010
fiscal stimulus to combat the Great Recession versus fiscal austerity or “adjustment” – that is, higher taxes and/or lower … government spending – to combat budget deficits. Some supporters of austerity have gone as far as arguing that fiscal adjustment … examines the arguments for austerity and emonstrates that current economic conditions in the United States do not support the …