Tag Archives for expansionary fiscal contraction

Austerity rests on a thesis the government doesn’t believe in

Tom Hunt and Craig Berry

Concentration of infrastructure investment in areas with high levels of business activity suggests the government is unconcerned by ‘crowding out’ Remember expansionary fiscal contraction? You don’t hear much about it now, but back in 2010 when George Osborne set out his austerity agenda, the theory underpinning it was that the private sector would expand to fill the gaps caused by … Continue reading

1 September 2015 by
Categories: Austerity, British growth crisis, Craig Berry, Development, Economics, Inequality, SPERI Comment | Tags: , , , , , , | Leave a comment