Budgetary consolidation under different exchange rate regimes

被引：3

作者：

Beetsma, Roel ^{[1
]}

Giuliodori, Massimo ^{[1
]}

Hanson, Jesper ^{[2
]}

机构：

[1] Univ Amsterdam, Dept Econ & Econometr, NL-1018 XE Amsterdam, Netherlands

[2] Univ Oxford, Pembroke Coll, Oxford Dept Int Dev, Oxford OX1 DW, England

来源：

ECONOMICS LETTERS | 2012年 / 117卷 / 03期

关键词：

Consolidation; Action-based data; Euro; Flexible/fixed exchange rates;

D O I：

10.1016/j.econlet.2012.07.010

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2012 Elsevier B.V. All rights reserved.

引用

页码：912 / 916

页数：5

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