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The Age of Austerity
其他書名
A Review of Public Expenditures and Adjustment Measures in 181 Countries
出版SSRN, 2013
URLhttp://books.google.com.hk/books?id=A_fczwEACAAJ&hl=&source=gbs_api
註釋This paper: (i) examines the latest IMF government spending projections for 181 countries by comparing the four distinct periods of 2005-07 (pre-crisis), 2008-09 (crisis phase I: fiscal expansion), 2010-12 (crisis phase II: onset of fiscal contraction) and 2013-15 (crisis phase III: intensification of fiscal contraction); (ii) reviews 314 IMF country reports in 174 countries to identify the main adjustment measures considered in high-income and developing countries; (iv) discusses the threats of austerity to development goals and social progress; and (v) calls for urgent action by governments to adopt alternative and equitable policies for socio-economic recovery.