Choosing the Pace of Fiscal Consolidation
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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In many OECD countries debt has soared to levels threatening fiscal sustainability, necessitating its
reduction over the medium to longer term. This paper uses stylised simulations in a small, calibrated
macroeconomic model which features endogenous interactions between fiscal policy, growth and financial
markets. Simulations are done for a...
