Jump to ContentJump to Main Navigation
Welfare and the Great RecessionA Comparative Study$
Users without a subscription are not able to see the full content.

Stefán Ólafsson, Mary Daly, Olli Kangas, and Joakim Palme

Print publication date: 2019

Print ISBN-13: 9780198830962

Published to Oxford Scholarship Online: February 2019

DOI: 10.1093/oso/9780198830962.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 03 December 2021

Government Responses to the Great Recession

Government Responses to the Great Recession

A Comparative Perspective

Chapter:
(p.59) 4 Government Responses to the Great Recession
Source:
Welfare and the Great Recession
Author(s):

Agnar Freyr Helgason

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198830962.003.0004

In this chapter Agnar Freyr Helgason focuses on the statistical profiles of government policies and outcomes after the crisis hit. The Great Recession is placed in the context of longer-term developments of financial crises. The economic growth context is outlined, as are current account balances and debt levels leading up to the crisis. The chapter also focuses on what fiscal policy measures affecting population welfare (automatic stabilizers versus discretionary measures) governments put in place. The extent of stimulus, austerity, taxation and transfers, and other social protection efforts are considered in turn. These three chapters making up Part I, as well as the Introduction, set the scene for the more detailed country case studies in Part II, by providing understanding of governments’ options and comparative perspectives and showing how populations were differentially affected.

Keywords:   fiscal policy, automatic stabilizers, discretionary measures, social protection, taxation

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .