Georgantas, Georgios; Kasselaki, Maria; Tagkalakis, … - 2023
This paper investigates the short-run effects of fiscal adjustment shocks on macroeconomic aggregates in a group of 24 … and loose monetary conditions, and trade openness. We find no evidence of expansionary fiscal consolidations or non …-Keynesian effects. The empirical findings suggest that unanticipated fiscal consolidation shocks lead to lower real GDP, private …