Read e-book online A Century of Fiscal Squeeze Politics: 100 Years of PDF

By Christopher Hood,Rozana Himaz

This quantity identifies and compares 'fiscal squeezes' (major efforts to chop public spending and/or elevate taxes) within the united kingdom over a century from 1900 to 2015. The authors learn how diversified the politics of financial squeeze and austerity is at the present time from what it was once a century in the past, how (if in any respect) financial squeezes reshaped the country and the supply of public prone, and the way political credits and blame performed out after austerity episodes. The research is either quantitative
and qualitative, beginning with mentioned monetary results from ancient records after which going at the back of these numbers to discover the political offerings and techniques in play. This research identifies a few styles that experience now not been defined or maybe well-known in past works on retrenchment and
austerity. for instance, it identifies an extended time period shift from what it phrases a 'surgery with out anaesthetics' technique (deep yet short-lived episodes of spending restraint or tax raises) within the prior a part of the interval in the direction of a 'boiling frogs' procedure (episodes within which the discomfort is unfolded over an extended interval) in additional fresh a long time. It additionally identifies a curious relief of revenue-led squeezes in additional fresh a long time, and a puzzle over why blame-avoidance common sense basically resulted in outsourcing
painful judgements over squeeze in a minority of circumstances. in addition, the volume's specified method of classifying sorts of economic squeezes and qualitatively assessing their depth seeks to resolve the puzzle as to why voter'punishment' of governments that impose austerity guidelines 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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