Cafiso, Gianluca; Cellini, Roberto - CESifo - 2012
evolution of the debt/GDP ratio. We consider past events of fiscal consolidation in a selected group of EU countries, by using … the convenience of deficit-reducing policies to contain or invert the evolution of the debt/GDP ratio. … the new data set recently made available by Devries et al. (2011), and check what is the associated change of the debt/GDP …