Beetsma, R., Giuliodori, M. and Hanson, J. (2012). Budgetary consolidation under different exchange rate regimes Economics Letters, 117(3):912--916.
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Affiliated authors
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Publication year2012
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JournalEconomics Letters
Using the IMF{\textquoteright}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.