Agnello, Luca; Castro, Vítor; Sousa, Ricardo M. - Núcleo de Investigação em Políticas Económicas … - 2012
This paper assesses the determinants of the length of fiscal consolidation using annual data for 17 industrial countries over the period 1978-2009. Relying on a narrative approach to identify fiscal consolidation episodes, we show that fiscal variables (such as the budget deficit and the level...