Reflation and Austerity: Economic Policy Under Mitterrand

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Bloomsbury Academic, 1990 - Business & Economics - 315 pages
In this volume, revised and updated for this English-language edition, the authors provide a well-documented analysis of the economic policy of the Mauroy and Favius governments during the period 1981-1986. From a Keynsian standpoint, they analyse French economic policy using quantitative data from their own econometric models as well as from other sources. They place their study firmly within the framework of recessions brought on by the two oil crises of the 1970s and of constraints imposed by the international environment, particularly US fiscal policy. Devaluations, employment policy, austerity policy and the control of inflation and public spending are also addressed."

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Understanding the Economic Crisis 7
Reflation Runs Into Difficulties
Unavoidable External Constraints

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About the author (1990)

Gerald Feldman is a Professor of History, at the University of California, Berkeley.

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