Beyer, Robert; Duttagupta, Rupa; Fotiou, Alexandra; … - 2023
policy in reducing inflation. Specifically, a fiscal consolidation of 1 percent of GDP for two years and 0.5 percent in the …, while lowering inflation. It would also put the public debt-to-GDP ratio on a downward path, with the output costs reversing … risks. In the current context of elevated inflation in all euro area economies, the findings suggest two key takeaways …