Darby, Julia; Muscatelli, V. Anton; Roy, Graeme - Department of Economics, Adam Smith Business School - 2004
This paper contributes to the established literature on fiscal consolidations (e.g. Alesina and Perotti, 1995, 1997, Alesina et al, 1998) by investigating the distinct behaviour of central and sub-central tiers of government during general government consolidation attempts. In the light of...