Choosing fiscal consolidation instruments compatible with growth and equity by Boris Cournère, Antoine Goujard, Álvaro Pina and Alain de Serres published by OECD (7/2013). “Despite sustained efforts made in recent years to rein in budget deficits, a majority of OECD countries still face substantial public finance consolidation needs moving forward, owing to the legacy of debt accumulation before the crisis, and to the role played by fiscal policy in rescuing the banking system and supporting aggregate demand in the aftermath of the recession…”
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