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Fiscal Policy Responses to the Economic Crisis in the UK and the US

In: The Legacy of the Crash

Author

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  • Edward Ashbee

Abstract

Despite the many references to an ‘Anglo-Saxon model’ bringing countries such as the US, the UK, Australia and New Zealand together there were, as the financial crisis unfolded, important economic policy differences between the US and the UK. In particular, discretionary fiscal policies took very different forms. While the formation of the Conservative-led Coalition government in Britain in May 2010 and its commitment to large-scale retrenchment made some of these differences very visible, there were policy cleavages between the two countries throughout the crisis period.

Suggested Citation

  • Edward Ashbee, 2011. "Fiscal Policy Responses to the Economic Crisis in the UK and the US," Palgrave Macmillan Books, in: Terrence Casey (ed.), The Legacy of the Crash, chapter 5, pages 79-98, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-34349-8_5
    DOI: 10.1057/9780230343498_5
    as

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