Hauptmeier, Sebastian (contributor); … - 2006
measures as well as expenditure-based
fiscal consolidation.
Ambitious reform programs as defined in this paper display a ….
Ambitious reform episodes appear to coincide with more lasting fiscal consolidation
than “timid” expenditure reforms while also … fiscal consolidation course improved the structural primary balance by 2.5% of
GDP within two years and by around 9% of GDP …