The Political Economy of Fiscal Consolidations
这篇综述从政治经济学角度探讨财政整顿的三大问题：不同策略的宏观经济效果、有利于整顿的制度安排以及最大化政治可行性的实施策略，旨在弥合理论与政策实践之间的差距。
In the context of recent research in political economy, this paper addresses the policy problem of fiscal consolidation in terms of three types of issues: i) the macroeconomic effects of alternative strategies to consolidate; ii) the institutional setups conducive to a consolidation; and iii) the best strategy for implementing a consolidation in order to maximize its political feasibility. One methodological feature of this survey is an emphasis on policy feasibility. One methodological feature of this survey is an emphasis on policy issues in order to bridge the gap between the level of abstraction of politico‐economic models of fiscal policy and the issues faced by a policymaker when attempting a fiscal consolidation.