When fiscal consolidation meets private deleveraging
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DOI: 10.1016/j.red.2020.02.002
Abstract: We analyze the interaction between fiscal consolidation and private-sector deleveraging in an economy within a monetary union. Pre-existing long term collateralized private debt – a core ingredient of the deleveraging process – plays a critical… read more here.
Keywords: private deleveraging; consolidation meets; fiscal consolidation; meets private ... See more keywords