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Author(s): Gabriele Giudice, Alessandro Turrini and Jan in ’t Veld (Directorate General for Economic and Financial Affairs)
Can fiscal consolidations be expansionary in the EU? Ex-post evidence and ex-ante analysis (196 kB)
This paper analyses non-Keynesian effects in fiscal consolidations in the EU. The analysis is carried out both
ex-post, i.e. by looking at the emergence of expansionary consolidations in the past and at their characteristics, and
ex-ante, i.e. by simulating with the European Commission QUEST model under which conditions public finance consolidation would exhibit non-Keynesian effects in the current EMU context.
KC-AI-03-0195-EN-C (online) | |
ISBN 92-894-6868-8 (online) | |
ISSN 1016-8060 (online) | |
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