Can fiscal consolidations be expansionary in the EU? Ex-post evidence and ex-ante analysis

Gabriele Giudice, Alessandro Turrini and Jan in 't Veld

No 195, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: 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.

Keywords: non-Keynesian effects; economic growth; QUEST model; EMU; Giudice; Turrini; in 't Veld; fiscal consolidation (search for similar items in EconPapers)
Pages: 31 pages
Date: 2003-12
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Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0195

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