Collective Austerity and its Consequences / اجتمائی کفائت شاری اور اس کے اثرات
CASS Working Papers on Economics & National Affairs
8 Pages Posted:
Date Written: January 6, 2020
This Urdu language working paper discusses economic consequences of a prolonged macroeconomic austerity effort, including a critique of its logic, the problems of a weak fiscal architecture, the disproportionate and regressive nature of its imposition, and lessons to be drawn from other crisis-afflicted countries. The paper’s findings suggest that austerity-economics is not a viable approach towards macroeconomic reform in the longer run.
Keywords: Austerity, Macroeconomics, Stimulus, Depression, IMF, Pakistan
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