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

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 u...

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Bibliographic Details
Main Authors: Giudice, Gabriele (Author), Turrini, Alessandro 1966- (Author), Veld, Jan in 't 1962- (Author)
Format: Book
Language:English
Published: Brussels European Commission, Directorate-General for Economic and Financial Affairs 2003
Series:Economic papers 195
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Summary: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.
Physical Description:31 S.
ISBN:9289468688

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