Agnello, Luca; Castro, Vítor; Sousa, Ricardo M. - Núcleo de Investigação em Políticas Económicas … - 2012
Building on a narrative approach to identify episodes of fiscal consolidation, data for a group of 17 industrial countries over the period 1978-2009 and both continuous-time and discrete-time duration models, we find evidence suggesting that the likelihood of a fiscal consolidation ending...