Švéda, Josef; Baxa, Jaromír; Geršl, Adam - 2022
fiscal consolidation is statistically significant, namely in the post-crisis period since the Draghi's "whatever it takes …We estimate the short-run reactions of bond spreads of selected EU member states vis-à-vis the German bund on fiscal … database, and then, depending on their tone, they are classified as hawkish or dovish. We show that announcements of fiscal …