Die Lebensentwürfe des konkreten und des abstrakten Menschen in der Wirtschaftswelt des 21. Jahrhunderts -- Be committed and be uncommitted! Die Evolution des abstrakten Menschen -- Make and break relationships rapidly! Das bindungslose und gesellige Selbst -- Das Syndrom des unengagierten...

We analyze fiscal consolidations using a New Keynesian model where agents have heterogeneous expectations and are uncertain about the composition of consolidations. We look at spending-based and tax-based consolidations and analyze their effects separately. We find that the effects of...