deficit reduction

Publication date: 2 Aug 2017 | Publication type: National Institute Economic Review | Theme: Macroeconomics | External authors: McMahon, M | JEL classification: E62, Z18 | Journal: National Institute Economic Review Issue 241 | Publisher: Sage Publications, London
A defining feature of (at least) the last three general elections has been the emphasis placed on each political party’s fiscal credibility and their ability to deliver “sound public finances”. Applying the logic of household book-keeping, balancing the fiscal budget is said to capture such...