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Applied Economics Letters Volume 25, 2018 - Issue 16
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Original Articles

Fiscal consolidation in Europe: has it worked?

Juan Carlos CuestasEconomics and Research Department, Research Unit, Eesti Pank, Tallinn, Estonia;Department of Economics and Finance, Tallinn University of Technology, Tallinn, Estonia;IEI, and Department of Economics, Universitat Jaume I, Castellón, SpainCorrespondence[email protected]
ORCID Iconhttp://orcid.org/0000-0002-7313-2157View further author information
ORCID Icon &
Javier OrdóñezIEI, and Department of Economics, Universitat Jaume I, Castellón, SpainView further author information
Pages 1179-1182 | Published online: 23 Nov 2017

References

  • Bilbiie, F. O., T. Monacelli, and R. Perotti. 2014. “Is Government Spending at the Lower Zero Bound Desirable?” National Bureau of Economic Research working paper no 20867.
  • Christiano, L. J., M. Eichenbaum, and S. Rebelo. 2011. “When Is the Government Spending Multiplier Large?” Journal of Political Economy 119: 78–121. doi:10.1086/659312.
  • Corsetti, G., K. Kuester, A. Meier, and G. J. Müller. 2013. “Sovereign Risk, Fiscal Policy, and Macroeconomic Stability.” The Economic Journal 123: F99–F132. doi:10.1111/ecoj.12013.
  • Ilzetzki, E., E. Mendoza, and C. Végh. 2012. “How Big (Small?) are Fiscal Multipliers?” Journal of Monetary Economics 60: 239–254. doi:10.1016/j.jmoneco.2012.10.011.
  • Litterman, R. 1986. “Forecasting with Bayesian Vector Autoregressions – Five Years of Experience.” Journal of Business and Economic Statistics 4: 25–38.
  • Perotti, R. 1999. “Fiscal Policy in Good Times and Bad.” The Quarterly Journal of Economics 114: 1399–1436. doi:10.1162/003355399556304.
  • Rendahl, P. 2016. “Fiscal Policy in an Unemployment Crisis.” Review of Economic Studies 83: 1189–1224. doi:10.1093/restud/rdv058.
  • Woodford, M. 2011. “Simple Analytics of the Government Expenditure Multiplier.” American Economic Journal: Macroeconomics 3: 1–35.

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