Ferguson, Thomas; Johnson, Robert - In: International Journal of Political Economy 40 (2011) 1, pp. 3-47
pThis paper analyzes U.S. budget debates in the context of the G-20's turn toward austerity at the 2010 Toronto Summit. It begins by looking at claims by Reinhart and Rogoff and the International Monetary Fund that rising ratios of government debt/gross domestic product pose serious threats to...