Francesco Giavazzi

Winner of the Hayek Book Prize, Manhattan Institute One of the Financial Times' Summer Books of 2019: Economics A Project Syndicate Best Read in 2019 Fiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. Bringing...