Matches in DBpedia 2015-10 for { <http://dbpedia.org/resource/Austerity> ?p ?o }
- Austerity abstract "In economics, austerity is a set of policies with the aim of reducing government budget deficits. Austerity policies may include spending cuts, tax increases, or a mixture of both. Austerity may be undertaken to demonstrate the government's fiscal discipline to their creditors and credit rating agencies by bringing revenues closer to expenditures.In most macroeconomic models, austerity policies generally increase unemployment in the short run, as government spending falls reducing jobs in the public or private sector or both, while tax increases reduce household disposable income and thus consumption. The U.S. Congressional Budget Office illustrated this when comparing unemployment under alternative fiscal scenarios.Unemployment increases safety net spending and further reduces tax revenues, partially offsetting the austerity measures. Government spending contributes to gross domestic product (GDP), so reducing spending may result in a higher debt-to-GDP ratio, a key measure of the debt burden carried by a country and its citizens. Higher short-term deficit spending (stimulus) contributes to GDP growth particularly when consumers and businesses are unwilling or unable to spend. This is because crowding out (i.e., rising interest rates as government bids against business for a finite amount of savings, slowing the economy) is less of a factor in a downturn, as there may be a surplus of savings.In the aftermath of the Great Recession, austerity results in Europe have been as predicted by macroeconomics, with unemployment rising to record levels and debt-to-GDP ratios rising, despite reductions in budget deficits relative to GDP. Eurostat reported that unemployment in the 17 Euro area countries (EA17) reached record levels in March 2013, at 12.1%, up from 11.0% in March 2012 and 10.3% in March 2011; and that the overall debt-to-GDP ratio for the EA17 was 70.1% in 2008, 80.0% in 2009, 85.4% in 2010, 87.3% in 2011, and 90.6% in 2012. Further, real GDP in the EA17 declined for six straight quarters from Q4 2011 to Q1 2013. The U.S. Congressional Budget Office estimated in August 2012 that if the U.S. implemented moderate austerity measures, the unemployment rate would rise by over 1% and economic growth would be significantly reduced in 2013. The U.S. partially avoided the "fiscal cliff" through the American Taxpayer Relief Act of 2012. U.S. unemployment has fallen steadily from a peak of 10% in early 2010 to 5.3% by July 2015.".
- Austerity wikiPageExternalLink 17.
- Austerity wikiPageExternalLink austerity-the-new-normal.
- Austerity wikiPageExternalLink the-austerity-delusion.
- Austerity wikiPageExternalLink wp1301.pdf.
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- Austerity wikiPageWikiLink 1980s_austerity_policy_in_Romania.
- Austerity wikiPageWikiLink Adam_Smith.
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- Austerity wikiPageWikiLink American_Taxpayer_Relief_Act_of_2012.
- Austerity wikiPageWikiLink Amir_Sufi.
- Austerity wikiPageWikiLink Austerity_in_Israel.
- Austerity wikiPageWikiLink Austrian_School.
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- Austerity wikiPageWikiLink CIA_World_Factbook.
- Austerity wikiPageWikiLink Capital_account.
- Austerity wikiPageWikiLink Carmen_M._Reinhart.
- Austerity wikiPageWikiLink Carmen_Reinhart.
- Austerity wikiPageWikiLink Category:Austerity.
- Austerity wikiPageWikiLink Category:Fiscal_policy.
- Austerity wikiPageWikiLink Category:Macroeconomics.
- Austerity wikiPageWikiLink Category:Public_finance.
- Austerity wikiPageWikiLink Chartalism.
- Austerity wikiPageWikiLink Christine_Lagarde.
- Austerity wikiPageWikiLink Coefficient_of_determination.
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- Austerity wikiPageWikiLink Credit_rating_agency.
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- Austerity wikiPageWikiLink Crowding_out_(economics).
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- Austerity wikiPageWikiLink Debt-to-GDP_ratio.
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- Austerity wikiPageWikiLink Financial_crisis_of_2007–08.
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- Austerity wikiPageWikiLink Foreign_Affairs.
- Austerity wikiPageWikiLink François_Hollande.
- Austerity wikiPageWikiLink French_legislative_election,_2012.
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- Austerity wikiPageWikiLink Full_employment.
- Austerity wikiPageWikiLink Functional_finance.
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- Austerity wikiPageWikiLink Great_Depression.
- Austerity wikiPageWikiLink Great_Recession.
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- Austerity wikiPageWikiLink Growth_in_a_Time_of_Debt.
- Austerity wikiPageWikiLink Household_debt.
- Austerity wikiPageWikiLink Identity_(mathematics).
- Austerity wikiPageWikiLink Institute_for_New_Economic_Thinking.
- Austerity wikiPageWikiLink International_Monetary_Fund.
- Austerity wikiPageWikiLink International_financial_institutions.
- Austerity wikiPageWikiLink Jacobin_(magazine).
- Austerity wikiPageWikiLink John_Locke.
- Austerity wikiPageWikiLink John_Maynard_Keynes.
- Austerity wikiPageWikiLink Joseph_Schumpeter.
- Austerity wikiPageWikiLink Joseph_Stiglitz.
- Austerity wikiPageWikiLink Juice_Rap_News.
- Austerity wikiPageWikiLink Kenneth_Rogoff.
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- Austerity wikiPageWikiLink Keynesian_economics.
- Austerity wikiPageWikiLink Laura_DAndrea_Tyson.
- Austerity wikiPageWikiLink Laura_Tyson.
- Austerity wikiPageWikiLink Lender_of_last_resort.
- Austerity wikiPageWikiLink Liberal_economics.
- Austerity wikiPageWikiLink Liquidationism.
- Austerity wikiPageWikiLink Liquidity_trap.
- Austerity wikiPageWikiLink Macroeconomic.
- Austerity wikiPageWikiLink Macroeconomics.
- Austerity wikiPageWikiLink Mark_Blyth.