The confidence effects of fiscal consolidations by Roel Beetsma, Jacopo Cimadomo, Oana Furtuna and Massimo Giuliodori published by European Central Bank (2015). “We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission that has received particular attention recently as a result of governments embarking on austerity trajectories in the affermath of the crisis…”
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