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Fiscal consolidation during a depression: the current economic pain could not have been avoided but could have been substantially reduced

Van Reenen, John ORCID: 0000-0001-9153-2907 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). Website.

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Abstract

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: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy/
Additional Information: © 2012 The Authors
Divisions: Economics
Centre for Economic Performance
Subjects: 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
Last Modified: 09 Oct 2021 23:18
URI: http://eprints.lse.ac.uk/id/eprint/48553

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