Business Economics

A Century of Fiscal Squeeze Politics: 100 Years of - download pdf or read online

By Christopher Hood,Rozana Himaz

ISBN-10: 0198779615

ISBN-13: 9780198779612

This quantity identifies and compares 'fiscal squeezes' (major efforts to chop public spending and/or bring up taxes) within the united kingdom over a century from 1900 to 2015. The authors study how diversified the politics of monetary squeeze and austerity is this present day from what it was once a century in the past, how (if in any respect) economic squeezes reshaped the kingdom and the availability of public companies, and the way political credits and blame performed out after austerity episodes. The research is either quantitative
and qualitative, beginning with said monetary results from old records after which going at the back of these numbers to discover the political offerings and methods in play. This research identifies a few styles that experience no longer been defined or maybe well-known in prior works on retrenchment and
austerity. for instance, it identifies an extended time period shift from what it phrases a 'surgery with no anaesthetics' procedure (deep yet short-lived episodes of spending restraint or tax raises) within the previous a part of the interval in the direction of a 'boiling frogs' procedure (episodes during which the ache is opened up over an extended interval) in additional fresh a long time. It additionally identifies a curious relief of revenue-led squeezes in additional contemporary a long time, and a puzzle over why blame-avoidance common sense in simple terms ended in outsourcing
painful judgements over squeeze in a minority of situations. moreover, the volume's precise method of classifying sorts of financial squeezes and qualitatively assessing their depth seeks to resolve the puzzle as to why voter'punishment' of governments that impose austerity rules looks so
erratic.

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A Century of Fiscal Squeeze Politics: 100 Years of Austerity, Politics, and Bureaucracy in Britain by Christopher Hood,Rozana Himaz


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