Agnello, Luca; Castro, Vitor; Sousa, Ricardo M. - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2013
approach to identify episodes of fiscal consolidation. Then, we use data for a group of 17 industrial countries over the period … 1978-2009 and both continuous-time and discrete-time duration models to investigate whether the fiscal consolidation … programs are duration dependent. We find evidence suggesting that the likelihood of a fiscal consolidation ending indeed …