Barrell, Ray; Holland, Dawn; Hurst, Dr Ian - National Institute of Economic and Social Research - 2013
This article looks at various aspects of fiscal consolidation in 18 OECD economies. The prospects for fiscal … the costs of consolidation. These costs are a function of the impacts of fiscal policy on the economy, which is the focus … the economy and on the fiscal position of consolidation programmes.We decompose the key factors that determine the size of …