What drives a successful fiscal consolidation?/
Cos, Pablo Hernández de
What drives a successful fiscal consolidation?/ created by Pablo Hernández de Cos and Enrique Moral-Benito - Applied economics letters Volume 20, number 8 .
Fiscal consolidations are currently in the agenda of fiscal authorities in many countries. Using Bayesian Model Averaging to overcome the problem of model uncertainty, we find that growth-enhancing policies and cuts in public wages are the most appropriate ingredients for successfully reducing debt levels and budget deficits.
13504851
Fiscal policy--Budget deficit--Fiscal consolidation
HB1.A666 APP
What drives a successful fiscal consolidation?/ created by Pablo Hernández de Cos and Enrique Moral-Benito - Applied economics letters Volume 20, number 8 .
Fiscal consolidations are currently in the agenda of fiscal authorities in many countries. Using Bayesian Model Averaging to overcome the problem of model uncertainty, we find that growth-enhancing policies and cuts in public wages are the most appropriate ingredients for successfully reducing debt levels and budget deficits.
13504851
Fiscal policy--Budget deficit--Fiscal consolidation
HB1.A666 APP