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Fiscal Consolidation: Part 5. What Factors Determine the Success of Consolidation Efforts?

The global economic and financial crisis exacerbated the need for fiscal consolidation in many OECD countries. Drawing lessons from past episodes of fiscal consolidation, this paper investigates the economic environments, political settings and policy measures conducive to fiscal consolidation and d...

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Main Author: Molnar, Margit.
Corporate Author: OECD iLibrary,
Format: Online
Language:English
Published: Paris : OECD Publishing, 2012.
Series:OECD working papers. Economic Department working papers ; no. 936.
Subjects:
Online Access:Online version
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