Policy Research in Macroeconomics

The Economic Consequences of Mr Osborne

In this Prime Publication, Victoria Chick and Ann Pettifor discuss the fact that fiscal consolidation does not ‘slash’ the debt, but contributes to it. As the extent of economic recovery becomes increasingly uncertain Prof. Chick and Pettifor examine a century’s worth of macroeconomic evidence to argue that contrary to conventional wisdom we need to ‘spend away the debt’.

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