Illera, Reyes Maroto; Mulas-Granados, Carlos - Grupo de Economía Europea, Facultad de Ciencias … - 2002
This paper examines the duration of fiscal consolidations among the fifteen EU Members States using data from the European Commission for the period 1960-2000. Using the duration model approach, we estimate the hazard and survivor functions of our series. Then we discuss what is the duration...