Can fiscal consolidations be expansionary in the EU?: ex-post evidence and ex-ante analysis
Gabriele Giudice, Alessandro Turrini, Jan in 't Veld, Commission of the European Communities. Directorate-General for Economic and Financial Affairs
European Commission, Directorate-General for Economic and Financial Affairs, 2003 - Business & Economics - 31 pages
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.
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