Unrest in Peace & central bank confidence - article ntoes

Unrest in Peace & central bank confidence - article ntoes

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Unrest in Peace: Protests in the west have roots beyond bouts of austerity Tight relationship between fiscal austerity and unrest Episodes of instability occur twice as often when spending cuts reach 5% of GDP as when  expenditure is rising Cuts have been associated with civil violence Tight link between fiscal consolidation and instability, across democracies and autocracies alike Protests induced by austerity also attract far more participants than demonstrations sparked by  other causes A 1% increase in GDP reduces the expected number of demonstrations per year by 0.4 events,  roughly half the impact of a similar increase in the government budget Higher levels of income instability are associated with increased social instability Their explanation was that unrest often erupts when a wealthy middle class is weakened
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