Fiscal Consolidation: Part 5. What Factors Determine the Success of Consolidation Efforts?
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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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 paper investigates the economic environments, political settings and policy measures conducive to fiscal consolidation and debt stabilisation using probit, duration,...
