Chen, Xiaoshan; Lazarakis, Spyridon; Varthalitis, Petros - 2023
households who hold more assets in the status quo equilibrium. Regarding fiscal policy mix, fiscal consolidation via spending …-2020 period. We use this model as a vehicle to study fiscal consolidation policy and reforms of EA fiscal targets. We find that …-country disparities. We find that a fiscal consolidation scenario that mimics the current EA institutional arrangements, i.e., the …