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In the aftermath of the global financial crisis and great recession, many countries face
substantial deficits and growing debts. In the United States, federal government outlays
as a ratio to GDP ro...
Fiscal Consolidation Strategy: An Update for the Budget Reform Proposal of March 2013
Budget Fiscal Consolidation Strategy
2015/8/3
Recently, we evaluated a fiscal consolidation strategy for the United States that would
bring the government budget into balance by gradually reducing government spending
relative to GDP to the rati...