Heylen, Freddy; Everaert, Gerdie - In: Public Choice 105 (2000) 1-2, pp. 103-24
This paper tests five hypotheses explaining the success and failure of fiscal consolidation in a multivariate regression framework. These hypotheses concern (i) the composition of the consolidation programme, (ii) its size and persistence, (iii) the gravity of the debt situation, (iv) the...