Coenen, Günter (contributor); Mohr, Matthias (contributor); … - 2008
-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al …Working PaPer SerieS
no 902 / May 2008
FiScal conSolidation
in the euro area
long-run beneFitS
and Short-run coStS
by …
feature a motif
taken from the
10 banknote.
FISCAL CONSOLIDATION
IN THE EURO AREA
LONG-RUN BENEFITS
AND SHORT-RUN COSTS
1 …