McManus, Richard; Ozkan, F. Gulcin; Trzeciakiewicz, Dawid - Department of Economics and Related Studies, University … - 2014
Fiscal consolidation programmes have been adopted almost uni-versally in the developed world since 2011 in an effort to reverse the substantially worsened fiscal outlook in the aftermath of the global financial crisis. Prolonged stagnation combined with increasing debt levels over this period...