Rzonca, Andrzej (contributor); Cizkowicz, Piotr (contributor) - 2005
Many economists are convinced that longer-term benefits from fiscal consolidation are in a trade-off with short … already in the short term. This paper is about such non-Keynesian effects. Section two systematizes theoretical explanations … consolidation contributed substantially to the acceleration of output growth even in the short term. However, the exact channels …