Budgetary consolidation under different exchange rate regimes

Autor: Jesper Hanson, Massimo Giuliodori, Roel Beetsma
Přispěvatelé: Macro & International Economics (ASE, FEB)
Jazyk: angličtina
Rok vydání: 2012
Předmět:
Zdroj: Economics Letters, 117(3), 912-916. Elsevier
ISSN: 0165-1765
Popis: Using the IMF’s “action-based” dataset, we show that budgetary consolidation under both the euro and other exchange rate regimes negatively affects GDP growth, while it raises unemployment. However, these effects are more pronounced under the euro.
Databáze: OpenAIRE