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Austerity in the UK after 2010

A definition Austerity is a form of voluntary deflation in which the economy adjusts to restore competitiveness through the reduction of wages prices and public spending, which is supposedly  best achieved by cutting the state’s budget debt and deficit. Doing so its advocates believe will inspire ‘business confidence’ since the government will be neither crowding

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Alesina , Alberto

Alberto Alesina is a professor of economics at Harvard University Department of economics He  published numerous articles arguing that the fiscal contraction can be expansionary even in the short run. Particularly “Large Changes in Fiscal Policy: Taxes Versus Spending” 2010 Alberto Alesina, Silvia Ardagna Chapter in NBER book Tax Policy and the Economy, Volume 24

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