Agnello, Luca; Castro, Vitor; Sousa, Ricardo M. - In: Journal of International Money and Finance 37 (2013) C, pp. 113-134
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 … openness, the inflation rate, the interest rate and per capita GDP) are crucial for the fiscal consolidation process …