Barrell, Ray; Holland, Dawn; Hurst, Ian - In: OECD Journal: Economic Studies 2012 (2012) 1, pp. 71-102
This article looks at various aspects of fiscal consolidation in 18 OECD economies. The prospects for fiscal consolidation depend upon the problems a country may face with its debt stock, the political will to deal with these problems and on the costs of consolidation. These costs are a function...