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  1. The austerity that followed the recent economic and financial crisis in has led to impassioned debates across the social sciences and the public at large. Altho...

  2. 20. Juli 2017 · Austerity – Pros and Cons. Austerity implies a cut in government spending during a period of weak economic growth. It is a deflationary fiscal policy, associated with lower rates of economic growth and higher unemployment. Some economists argue ‘austerity’ is necessary to reduce budget deficits, and cutting government spending is ...

  3. Meanwhile, public discourse has been influenced by simple charts analysing the correlations between measures of fiscal ‘austerity’ and economic growth for small samples of countries over limited time periods. Academic studies have not further developed this approach, perhaps because of concerns about the direction of causality.

  4. 29. Juni 2011 · Advertising. Greece needs to make budget cuts of almost 30 billion euros to qualify for a second bailout package – worth some 100 billion euros – from the IMF and the EU. The measures have ...

  5. 25. Okt. 2022 · What is austerity? The Cambridge Dictionary defines austerity as “a difficult economic situation caused by a government reducing the amount of money it spends”. Periods of austerity to involve ...

  6. 29. Apr. 2015 · Paul Krugman. Wednesday 29th April 2015 Illustrations by Mark Long, Design by Sam Morris and Chris Clarke. n May 2010, as Britain headed into its last general election, elites all across the ...

  7. 19. Aug. 2015 · While austerity restores financial health, it’s rare that such policies will make the economy grow faster quickly, notes Wharton finance professor Joao F. Gomes. Austerity, he adds, is used to ...