Cross-Country Spillovers of Fiscal Consolidations in the Euro Area

Cross-Country Spillovers of Fiscal Consolidations in the Euro Area
This paper revisits the issue of cross-country spillovers from fiscal consolidations using an innovative empirical methodology. We find evidence in support of fiscal spillovers in 10 euro area countries. Fiscal consolidation in one country not only reduces domestic output (direct effect), but also the output of other member countries... READ MORE...

Publication date: June 2017
ISBN 9781484304372
$18.00

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