Interactions Between Monetary and Fiscal Policy: How Monetary Conditions Affect Fiscal Consolidation
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper assesses how and in what circumstances, fiscal consolidations are affected by monetary conditions,
using data covering 24 OECD countries over the past 25 years, Focusing on fiscal consolidation “episodes”, it is
found that these tend to occur when large budget deficits threaten sustainability and usually when other
macroeconomic...
