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

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 analysispdf(196 kB) Choose translations of the previous link 

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.

(European Economy. Economic Papers. 195. December 2003. Brussels. 31pp. Tab. Free.)

KC-AI-03-0195-EN-C (online)
ISBN 92-894-6868-8 (online)
ISSN 1016-8060

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