Haber, Gottfried; Neck, Reinhard; McKibbin, Warwick - In: International Advances in Economic Research 12 (2006) 1, pp. 1-15
In this paper, we analyze the reactions of European economies to a fiscal policy strategy aiming at diminishing the public sector. Within the framework of the MSG3 model, a macroeconomic model of the world economy, we perform several simulation experiments to explore the effects of reducing...