inequality. For the 13 LAC countries with fiscal consolidation episodes identified by the narrative approach, one percent of GDP … fiscal consolidation increases the disposable Gini coefficient by 0.12 percentage point on average in five years. The size of …

fiscal consolidation announcements reduce inflation expectations over the medium-term (three and five-years ahead), but not … periods of high contemporaneous inflation. With these results in hand, we show that the effectiveness of fiscal consolidation …

This paper is about fiscal consolidation measures (i.e. tax hikes and government spending cuts motivated by a desire to … fiscal consolidation by distinguishing three periods: the run-up to the EA, when governments faced the Maastricht criteria … fiscal consolidation shows that while fiscal adjustments are contractionary, the negative growth effects were particularly …

getting into fiscal distress and are a constraint for fiscal consolidation. The paper finds evidence that a relatively high … fiscal consolidation. Moreover, the effect of rigid expenditure seems to be more relevant for economies with high inequality …