A Century of Fiscal Squeeze Politics: 100 Years of by Christopher Hood,Rozana Himaz

By Christopher Hood,Rozana Himaz

This quantity identifies and compares 'fiscal squeezes' (major efforts to chop public spending and/or increase taxes) within the united kingdom over a century from 1900 to 2015. The authors study how diverse the politics of monetary squeeze and austerity is at the present time from what it used to be a century in the past, how (if in any respect) monetary squeezes reshaped the country and the supply of public companies, and the way political credits and blame performed out after austerity episodes. The research is either quantitative
and qualitative, beginning with pronounced monetary results from historic statistics 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 no longer been defined or maybe famous in prior works on retrenchment and
austerity. for instance, it identifies a protracted time period shift from what it phrases a 'surgery with out anaesthetics' procedure (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' strategy (episodes within which the soreness is opened up over an extended interval) in additional contemporary a long time. It additionally identifies a curious relief of revenue-led squeezes in additional fresh many years, and a puzzle over why blame-avoidance good judgment purely resulted in outsourcing
painful judgements over squeeze in a minority of instances. moreover, the volume's precise method of classifying varieties of economic squeezes and qualitatively assessing their depth seeks to unravel the puzzle as to why voter'punishment' of governments that impose austerity guidelines appears so
erratic.

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