Agnello, Luca; Castro, Vitor; Sousa, Ricardo M. - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2013
This paper assesses the determinants of the length of fiscal consolidation using annual data for 17 industrial … countries over the period 1978-2009. Relying on a narrative approach to identify fiscal consolidation episodes, we show that … openness, the inflation rate, the interest rate and per capita GDP) are crucial for the fiscal consolidation process …