OECD Journal on Budgeting, Volume 13 Issue 1

The politics of fiscal austerity: Democracies and hard choices

DOI:10.1787/budget-13-5k3w6lk42l33

The sustainability of national economies will ultimately require a balance between near-term growth and longer-term fiscal consolidation. The question that is now being raised is whether such actions are politically sustainable. As the OECD area ...



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