| Autor: |
Paško Burnać, Vinko Muštra, Vladimir Šimić |
| Rok vydání: |
2018 |
| Předmět: |
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| Zdroj: |
Economy, Finance and Business in Southeastern and Central Europe ISBN: 9783319703763 |
| Popis: |
Recent global economic crisis and the concerns about long-term sustainability of public finances have resulted in stronger implementation of fiscal consolidation measures. In this context, consolidation has received a lot of attention in both theoretical and empirical literature with the large number of papers investigating its impact on different aspects of economy. Although fiscal consolidation has long been recognized as a hot issue, the literature does not offer a consensus on the impact of fiscal consolidation. Theoretical considerations offer a rationale for both contractionary and expansionary effect of fiscal consolidation on economic activity. Given this state of theoretical literature and quite ambiguous predictions, it is no wonder that the empirical literature has provided evidence supporting both of these views. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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