Expansionary fiscal consolidations in Europe: new evidence

Author: Afonso Antonio  

Publisher: Routledge Ltd

ISSN: 1466-4291

Source: Applied Economics Letters, Vol.17, Iss.2, 2010-02, pp. : 105-109

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Abstract

Using alternative approaches to determine fiscal episodes, I assess expansionary fiscal consolidations in Europe, via panel models for private consumption. There is some concurring evidence for several budgetary spending items while the asymmetric effects of fiscal episodes do not seem to be corroborated by the results.