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    Austerity: When It Works and When It Doesn't

    Austerity by Alesina, Alberto; Favero, Carlo; Giavazzi, Francesco;

    When It Works and When It Doesn't

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      • Publisher's listprice GBP 30.00
      • The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.

        15 183 Ft (14 460 Ft + 5% VAT)
      • Discount 10% (cc. 1 518 Ft off)
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    15 183 Ft

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    Availability

    Estimated delivery time: In stock at the publisher, but not at Prospero's office. Delivery time approx. 3-5 weeks.
    Not in stock at Prospero.

    Why don't you give exact delivery time?

    Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.

    Product details:

    • Publisher Princeton University Press
    • Date of Publication 26 February 2019
    • Number of Volumes Print PDF

    • ISBN 9780691172217
    • Binding Hardback
    • No. of pages296 pages
    • Size 234x155 mm
    • Weight 590 g
    • Language English
    • Illustrations 35 color + 4 b/w illus. 65 tables
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    Long description:

    A timely and incisive look at austerity measures that succeed?and those that don?t

    Fiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. In this masterful book, three of today?s leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many.

    Looking at thousands of fiscal measures adopted by sixteen advanced economies since the late 1970s, Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt. It shows that spending cuts have much smaller costs in terms of output losses than tax increases. Spending cuts can sometimes be associated with output gains in the case of expansionary austerity and are much more successful than tax increases at reducing the growth of debt. The authors also show that austerity is not necessarily the kiss of death for political careers as is often believed, and provide new insights into the recent cases of European austerity after the financial crisis.

    Bringing needed clarity to one of today?s most challenging subjects, Austerity charts a sensible approach based on data analysis rather than ideology.



    "Winner of the Hayek Book Prize, Manhattan Institute"

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    Austerity: When It Works and When It Doesn't

    Austerity: When It Works and When It Doesn't

    Alesina, Alberto; Favero, Carlo; Giavazzi, Francesco;

    15 183 HUF

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