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Austerity Policies: A Way to Escape from the Crisis?

Author

Listed:
  • Beken, Hikmet Gülçin

    (Gümüşhane University)

Abstract

Austerity policies have been widely implemented after the financial crisis of 2008. The social and economic effects of austerity policies can be better understood in the light of global economic system. The existence of neo-liberal policies, financial deregulation and inequality in our world, austerity policies affect both developed and the developing countries differently. Therefore, the conceptualization of this well-known policies and the common critics of these policies will be given in this study.

Suggested Citation

  • Beken, Hikmet Gülçin, 2016. "Austerity Policies: A Way to Escape from the Crisis?," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 1(1), pages 87-122, December.
    • Handle: RePEc:ris:betajl:0005
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    More about this item

    Keywords

    Austerity Policies; Fiscal Policy; Fiscal Consolidation; The 2008 Financial Crisis;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • G01 - Financial Economics - - General - - - Financial Crises

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