Fiscal Consolidation (Rawdanowicz)

Choosing the pace of fiscal consolidation by Lukasz Rawdanowicz published by OECD (10/2012), indicated by Arthur Garbayo. “In many OECD countries debt has soared to levels threatening fiscal sustainability, necessitating its reduction over the medium to longer term. This paper uses stylised simulations in a small, calibrated macroeconomic model which features endogenous interactions between fiscal policy, growth and financial markets.” See pdf attached