"More Austerity is this the Right Ttime"

John Maynard Keynes Русский: Джон Мейнард Кейнс Türkçe: John Maynard Keynes (Photo credit: Wikipedia)

Alan Taylor, 20 July 2013

Recent austerity policies have been guided by ideology rather than research. This column discusses research that reconciles disparate estimates of fiscal multipliers in the literature. It finds that common identification assumptions are problematic. Matching methods based on propensity scores show how contractionary austerity really is, especially in economies operating below potential.

http://www.voxeu.org/article/when-time-austerity

http://www.newstatesman.com/economics/2013/07/austerity-has-cost-UK-3500-every-household
During his lifetime, John Maynard Keynes achieved fame as the world's foremost economist. 
His remarkable achievements as an investor, however, went unpublicised.

http://www.maynardkeynes.org/

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