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Unit 4 Macro: The Fiscal Austerity Debate

Wednesday, March 13, 2013
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Channel 4 news hosted an extended discussion recently on the impact of fiscal austerity in the UK and many other European countries. Click below for the video which looks at whether austerity measures are bringing massive government borrowing under control or threatening an even deeper descent into semi-permanent recession. The discussion features Professor Paul Krugman. I have also added in a recent Newsnight debate between Joseph Stiglitz and Paul Ormerod.

Government fiscal balance as a share of national income

Paul Krugman on fiscal austerity

BBC Newsnight discussion (Stiglitz and Ormerod)

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