In 1945, many Europeans still heated with coal, cooled their food with ice, and lacked indoor
plumbing. Today, things could hardly be more different. Over the second half of the twentieth …

Recent research has demonstrated theimportance of good quality of fiscaladjustments for
the success of governmentbudget consolidations. We extend thisapproach to analyze the …

Research Highlights and Abstract This article Provides the first systematic analysis of the
rise and diffusion of the idea of expansionary fiscal contractions (besides Blyth's book). Uses …

We test eight hypotheses on political factors influencing the likelihood that a fiscal policy
adjustment occurs. We employ a panel discrete choice model for 20 OECD countries for the …

This paper examines the factors affecting the persistence of fiscal consolidation in 25
emerging market countries during 1980–2001. It proposes a new approach for defining …

This paper is devoted to the ability of selected European countries to face the potential
economic crisis caused by COVID-19. Just as other pandemics in the past (eg, SARS …

We study the evolution of the ratio of public debt to GDP during 132 fiscal episodes in 21
OECD countries in 1981–2008. Our main focus is on debt dynamics during 40 consolidation …

Surges in public debt in many countries since the COVID-19 pandemic have rekindled
interest in fiscal consolidations, which often entail difficult policy choices in the face of …

A common political claim is that decentralized governments undermine policy-makers' ability
to resist fiscal imbalance. This paper examines how fiscal centralization influences the …

We study fiscal consolidations in the Central and Eastern European countries and what
determines the probability of their success. We define consolidation events as substantive …