Effectiveness and counter-cyclicality of fiscal consolidation under compliance regulation : the case of the Stability and Growth Pact

Helmut Herwartz, Bernd Theilen

Year of publication:	2024
Authors:	Herwartz, Helmut ; Theilen, Bernd
Subject:	counter-cyclicality \| endogeneity \| fiscal consolidation \| Heckman two-step estimation \| narrative identification \| spending cuts \| Stability and Growth Pact \| tax hikes \| Haushaltskonsolidierung \| Fiscal consolidation \| EU-Staaten \| EU countries \| Europäischer Stabilitätsmechanismus \| European Stability Mechanism \| Finanzpolitik \| Fiscal policy \| Wirkungsanalyse \| Impact assessment \| Eurozone \| Euro area \| Theorie \| Theory \| Antizyklische Finanzpolitik \| Countercyclical fiscal policy

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