In the context of the increasing budget deficit and public debt, on one hand, and the need to restore economic growth without compromising financial stability and fiscal sustainability on long term, on the other hand, governments must undertake severe measures concentrated especially on...

Machine generated contents note: 1 Welfare Reform: An Agenda for Reauthorization -- Ron Haskins and Rebecca M. Blank -- Part II: The Biggest Issues -- 2 Implementation of the Personal Responsibility -- Act of 1996 -- Thomas L. Gais, Richard P? Nathan, Irene Lurie, -- and Thomas Kaplan --...

This paper reviews and summarizes the literature that has concentrated on budget consolidations and their fiscal and economic effects. The issue of fiscal adjustments has again gained importance due to the recent economic crisis and the resulting fiscal imbalances. The existing literature shows...