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 …

This paper investigates the effects of fiscal consolidation announcements on sovereign spreads in a panel of 21 … announcement date of fiscal consolidation actions. Our results show that sovereign spreads decline significantly following news …

This paper investigates the effects of fiscal consolidation announcements on sovereign spreads in a panel of 21 … announcement date of fiscal consolidation actions. Our results show that sovereign spreads decline significantly following news …

— i.e., the loan supply contracts — when local banks have purchased more domestic sovereign debt and when that debt is …

To face a debt crisis, countries often implement variousforms of fiscal consolidation policies aiming at … education. It shows that increased external debt isassociated with a higher risk of fiscal consolidation, whichmay contribute to …