|Author (Person)||Aiginger, Karl, Schratzenstaller, Margit|
|Series Details||Vol.46, No.1, January-February 2011, p36-43|
|Publication Date||January 2011|
|Content Type||Journal | Series | Blog|
There is evidence that a budget consolidation strategy can work with only a small and shortlived negative impact on growth. However, many countries are currently trying to consolidate at the same time as firms and consumers are deleveraging. We develop ten guidelines for consolidation during such a difficult economic period and cross-check whether the upcoming consolidation programmes being implemented in the EU countries comply with our guidelines.
|Countries / Regions||Europe|