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- DictionaryAus·ter·i·ty/ôˈsterədē/
noun
- 1. sternness or severity of manner or attitude: "he was noted for his austerity and his authoritarianism"
May 21, 2024 · Definitions of 'austerity' Austerity is a situation in which people's living standards are reduced because of economic difficulties. [...] More. Synonyms of 'austerity' • plainness, economy, simplicity [...] • asceticism, economy, rigidity [...] • sternness, gravity, seriousness [...] More. Collocations with the word 'austerity'
May 15, 2024 · We define fiscal austerity as a government decision to adjust fiscal policy to reduce the public deficit, that is, the difference between public expenditures and revenues.
May 8, 2024 · Austerity led to twice as many excess UK deaths as previously thought – here’s what that means for future cuts
May 17, 2024 · Austerity refers to the set of policies or measures implemented by governments to reduce budget deficits and control debt levels. The concept of austerity entails making tough decisions such as spending cuts, tax increases, or a combination of both to achieve fiscal discipline.
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May 17, 2024 · Fiscal austerity – spending cuts and tax increases to reduce the public deficit –hurt economically vulnerable voters, e.g. low-skilled workers. We show that these vulnerable voters turn towards populist parties when their government implements austerity.
May 14, 2024 · But austerity is not just a response to an economy in recession. It is a calculated defensive mechanism designed to prevent the collapse of capitalism and maintain the status quo of existing power structures.
May 23, 2024 · As Blyth lines out, austerity refers to the process by which governments cut spending on public services and social welfare, as they attempt to reduce deficits. It is often used as a solution in times of economic crisis, such as the Great Depression of the 1930s, and the Global Financial Crisis (GFC) of 2008.