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University of Massachusetts Boston

Economics Faculty Publication Series

2010

Deficit

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The Boom Not The Slump: The Right Time For Austerity, Arjun Jayadev, Mike Konczal Aug 2010

The Boom Not The Slump: The Right Time For Austerity, Arjun Jayadev, Mike Konczal

Economics Faculty Publication Series

Should the United States cut its deficit in the short term? This has been the subject of intense debate among politicians, policy analysts and thinkers over the past year. What are the consequences of cutting the deficit with interest rates low, unemployment high and growth uncertain?