Cross‑Country Spillovers from Fiscal Consolidations
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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In many OECD countries, government debt reached levels over recent years that call for reduction over the medium to longer term to ensure public finance sustainability. This paper investigates the international transmission of fiscal consolidation shocks via trade flows. Using a measure of exogenous fiscal shocks in export markets, fiscal...
