Fiscal Consolidation: Part 4. Case Studies of Large Fiscal Consolidation Episodes

Organisation for Economic Co-operation and Development2026-04-11 收录

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This paper provides an analysis of large and sustained fiscal consolidation episodes in OECD countries implemented between 1980 and 2000. It reviews how fiscal policy variables evolved during these episodes, how consolidation was influenced by the wider economic environment, and how the political economy side helped trigger and sustain...