Semmler, Willi; Semmler, André; Schoder, Christian - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 82 (2013) 4, pp. 163-180
Assuming a weak fiscal multiplier effect and expecting to reach the consolidation of the public deficits fast, fiscal policy consolidation measures were ambitiously implemented in the European Monetary Union. The expectation of fast consolidation was disappointed, however. It turned out that the...