Veebel, Viljar; Kulu, Liina - In: Baltic journal of economics 14 (2014) 1/2, pp. 2-16
During the global financial crisis in 2008-10 Estonia symbolized a pathway of fiscal consolidation and austerity. Moreover, despite opting for austerity and all the social and political consequences of achieving fiscal consolidation, the governing coalition in Estonia succeeded also in avoiding...