McKibbin, Warwick; Stoeckel, Andrew B; Lu, YingYing - College of Business and Economics, Australian National … - 2012
The emergence of substantial fiscal deficits and a large build up of government debt in major advanced economies will inevitably lead to a period of fiscal consolidation in coming years. In an earlier paper, McKibbin and Stoeckel (2010) explored the effects of this fiscal adjustment in advanced...