Van Reenen, John and Bagaria, Nitika (2012) Fiscal consolidation during a depression: the current economic pain could not have been avoided but could have been substantially reduced. British Politics and Policy at LSE (23 Aug 2012) Blog Entry.
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John Van Reenen and Nitika Bagaria respond to the recent bad news on government borrowing by modelling three different fiscal consolidation scenarios. They argue that all scenarios point to the economy returning to long-run equilibrium, but note that the policy prescription to delay deficit reduction until after recovery is clearly under way is the most valid.
|Item Type:||Website (Blog Entry)|
|Additional Information:||© 2012 The Authors|
|Library of Congress subject classification:||H Social Sciences > HC Economic History and Conditions|
|Sets:||Departments > Economics
Collections > British Politics and Policy at LSE
Research centres and groups > Centre for Economic Performance (CEP)
|Date Deposited:||15 Feb 2013 10:51|
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