Budgetary consolidation under different exchange rate regimes

Roel Beetsma, Massimo Giuliodori () and Jesper Hanson

Economics Letters, 2012, vol. 117, issue 3, 912-916

Abstract: Using the IMF’s “action-based” dataset, we show that budgetary consolidation under both the euro and other exchange rate regimes negatively affects GDP growth, while it raises unemployment. However, these effects are more pronounced under the euro.

Keywords: Consolidation; Action-based data; Euro; Flexible/fixed exchange rates (search for similar items in EconPapers)
JEL-codes: E62 E63 H61 H62 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:3:p:912-916

DOI: 10.1016/j.econlet.2012.07.010

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