MIRDALA, Rajmund - In: Journal of Applied Economic Sciences Quarterly VIII (2013) 1, pp. 73-98
fiscal consolidation that seems to be necessary to reduce excessive fiscal deficits and high sovereign debts. While … of the economic crisis, the call for fiscal consolidation became urgent almost immediately and this need significantly … improvements in cyclically adjusted primary balance on the sovereign debt ratio reduction. We also estimate VAR model to analyze …