Gabriele Giudice, Alessandro Turrini and Jan in ’t Veld (Directorate General for Economic and Financial Affairs)
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.
|ISBN 92-894-6868-8 (online)|