OECD Journal: Economic Studies, Volume 2012 Issue 1

Fiscal consolidation: What factors determine the success of consolidation efforts?

DOI: 10.1787/eco_studies-2012-5k8zs3twgmjc

The global economic and financial crisis exacerbated the need for fiscal consolidation in many OECD countries. Drawing lessons from past episodes of fiscal consolidation, this study investigates the economic environments, political settings and ...

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