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Is fiscal austerity a drag on growth?

Geoff Riley

24th February 2016

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Keynes was right after all when he said: ‘The boom, not the slump, is the right time for austerity at the Treasury.’ That is the conclusion of research by Professors Òscar Jordà and Alan Taylor, published in the February 2016 issue of the Economic Journal.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.