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Austerity : When It Works and When It Doesn't

Alesina, Alberto Giavazzi, Francesco Favero, Carlo

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A timely and incisive look at austerity measures that succeed-and those that don'tFiscal 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 t

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