Austerity

When is it a mistake and when is it necessary?

Professor John Fender (University of Birmingham)

$45.99

Paperback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Agenda Publishing
10 September 2020

Macroeconomics

Series: The Economy Key Ideas

"Austerity has dominated economic debate since the financial crisis of 2008. Governments have implemented austerity policies by reducing their spending on goods and services, increasing taxation and cutting welfare budgets.

John Fender explains how austerity (or ""fiscal consolidation"") works in theory and how it has played out in practice especially in the UK and the eurozone. He provides a clear and rigorous guide to the principles and mechanisms of austerity economics and offers a balanced account of the economic thinking behind contentious policy decisions.

Boris Johnson has said that the UK government ""has absolutely no intention of returning to the 'A-word'"", but with the Covid-19 crisis likely to result in much more government debt, it will be difficult to avoid more austerity. Understanding the impact of austerity policies is more important than ever and this book offers a first step on that path. For anyone seeking answers to such questions as: ""What can we learn from the UK's economic history that is relevant to current policy?"", ""Is austerity ever necessary or desirable?"" and ""Can the harmful effects of austerity programmes be mitigated?"" then this book will be welcome reading."

By: Professor John Fender (University of Birmingham)
Imprint: Agenda Publishing
Country of Publication: United Kingdom
Dimensions: Height: 216mm, Width: 138mm,
ISBN: 9781911116936
ISBN 10: 1911116932
Series: The Economy Key Ideas
Pages: 144
Publication Date: 10 September 2020
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Paperback
Publisher's Status: Active

1. Introduction 2. The economics of austerity I 3. The economics of austerity II 4. The term structure of interest rates 5. A simple model 6. Austerity in the United Kingdom 7. Austerity in the eurozone 8. Austerity in the rest of the world 9. The optimal time path of government debt (or how should fiscal policy be conducted?) 10. Policy in a world where severe deflationary shocks are possible 11. Conclusion: when are austerity measures necessary or desirable?

John Fender is Professor of Macroeconomics and leader of the Macroeconomics and Finance Research Group at the University of Birmingham. His books include Understanding Keynes, Inflation: A Contemporary Perspective and Monetary Policy.

Reviews for Austerity: When is it a mistake and when is it necessary?

This book is extremely timely. Moreover, its balanced and clear-headed approach is a valuable antidote to the kind of emotive discussion that has dominated the debate over the past ten years. -- Tim Besley, London School of Economics