Cafiso, Gianluca; Cellini, Roberto - Centre d'études prospectives et d'informations … - 2013
evolution of the debt/GDP ratio. We consider past events of fiscal consolidation in a selected group of EU countries and check … what is the associated change of the debt/GDP ratio both from a short and medium-term perspective. As for the medium … be less negative on the debt/GDP ratio’s evolution than tax-based ones. …