The impact of alternative paths of fiscal consolidation on output and employment in the UK

Nitika Bagaria, Dawn Holland, Jonathan Portes, John Van Reenen, 14 August 2012



In 2009-2010, the UK's budget deficit was about 11% of GDP (see here); there was no dispute among economists that a credible plan for fiscal consolidation was required.

Topics: Global crisis, Macroeconomic policy, Taxation
Tags: austerity, consolidation, Fiscal crisis, fiscal policy, global crisis, UK

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