Fiscal consolidation literature often neglects that there are economies with a sizable underground sector and that most … explores a fiscal consolidation plan calling for a downsizing of the underground sector as well. The analysis refers to the …

We assess the specific need (or its absence) of a country to implement a fiscal consolidation programme by focusing … of a fiscal consolidation program implies an improvement in the degree of public finances´ sustainability, for in …

fiscal consolidation is statistically significant, namely in the post-crisis period since the Draghi's "whatever it takes … database, and then, depending on their tone, they are classified as hawkish or dovish. We show that announcements of fiscal … consolidation decrease the spreads-however, the full-sample result masks substantial time and country variation. The impact of …

We assess the consequences of fiscal consolidation episodes on public sector efficiency (scores) for 35 OECD countries …% are those whose public sector efficiency scores improve more when fiscal consolidation episodes occur. The evidence that …

of fiscal consolidation was homogeneous among treated municipalities, strategies of consolidation differed between …

stop. Reforms to raise growth have not materialized, leaving fiscal consolidation as the second-best solution to achieve …