The origin of modern austerity measures is mostly undocumented among academics. During the United States occupation of Haiti that began in 1915, the United States utilized austerity policies where American corporations … See more

Many scholars have argued that how the debate surrounding austerity is framed has a heavy impact on the view of austerity in the public eye, and how the public understands … See more

Austerity programs can be controversial. In the Overseas Development Institute (ODI) briefing paper "The IMF and the Third World", the … See more

Austerity measures are typically pursued if there is a threat that a government cannot honour its debt obligations. This may occur when a … See more

In the 1930s during the Great Depression, anti-austerity arguments gained more prominence. John Maynard Keynes became a well … See more

According to a 2020 study, austerity increases the risk of default in situations of severe fiscal stress, but reduces the risk of default in situations of low fiscal stress.
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Strategies that involve short-term stimulus with longer-term austerity are not mutually exclusive. Steps can be taken in the present that will reduce future spending, such as "bending … See more