Your institution may have access to this item. Find your institution then sign in to continue.
Title
FISCAL CONSOLIDATION: REQUIREMENTS, TIMING, INSTRUMENTS AND INSTITUTIONAL ARRANGEMENTS.
Abstract
The article discusses the size of the consolidation requirements and the role of fiscal frameworks, rules and institutions in OECD countries. It states that consolidation requirements are substantial in stabilising debt-to-gross domestic product (GDP) ratios. It notes that tax hikes may be necessary in meeting the consolidation requirements and must focus on property, consumption and pollution.