Draconian austerity measures do not work
Update: 2013-01-04
Description
When austerity policies are linked positively to structured measures and discipline at a macro-economic level, the strategy works. However, just rapid and deep austerity cuts do not.
Dr Christos Pitelis warns that austerity measures on their own forces governments to simultaneously take steps to improve economic competitiveness, causing output to fall followed by a failure to revive economies. Austerity measures alone are widely seen as a bad move.
Dr Christos Pitelis warns that austerity measures on their own forces governments to simultaneously take steps to improve economic competitiveness, causing output to fall followed by a failure to revive economies. Austerity measures alone are widely seen as a bad move.
Comments
Top Podcasts
The Best New Comedy Podcast Right Now – June 2024The Best News Podcast Right Now – June 2024The Best New Business Podcast Right Now – June 2024The Best New Sports Podcast Right Now – June 2024The Best New True Crime Podcast Right Now – June 2024The Best New Joe Rogan Experience Podcast Right Now – June 20The Best New Dan Bongino Show Podcast Right Now – June 20The Best New Mark Levin Podcast – June 2024
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
