Restoring Fiscal Sustainability in the Euro Area: Raise Taxes or Curb Spending?
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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With population ageing, fiscal consolidation has become of paramount importance for euro area
countries. Consolidation can be pursued in various ways, with different effects on potential growth, which
itself will be dragged down by ageing. A dynamic general equilibrium model with overlapping generations
and a public finance block (including a...
