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The Paradox of Fiscal Austerity: How Cutting Deficits Saved the Modern World, Hardcover/Justin Velez-Hagan - Lexington Books


The Paradox of Fiscal Austerity: How Cutting Deficits Saved the Modern World, Hardcover/Justin Velez-Hagan
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(03-11-2024)
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If governments followed the optimal Fiscal policy path, surpluses in good times would counter necessary Deficits during economic downturns, leading to worldwide balance.
When financial crises kicked off a global recession in 2008, the spotlight placed on countries\' Fiscal conditions put pressure on policymakers around the globe to find a way to slow th.
The world, however, has chosen to go in a different direction in recent decades, avoiding thrift in light of a decidedly more indebted future.
If governments followed the optimal Fiscal policy path, surpluses in good times would counter necessary Deficits during economic downturns, leading to worldwide balance


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