Article ID Journal Published Year Pages File Type
5054918 Economic Modelling 2013 10 Pages PDF
Abstract
► We characterize two Dutch consolidation processes that occurred in 1995 and 2004. ► We use a general equilibrium model with heterogeneous-agent. ► The results confirm the advantage of the pure expenditure-based strategy. ► The paper strengthens the relevance of political institutions.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
The Dutch experience: Assessing the welfare impacts of two consolidation strategies using a heterogeneous-agent framework
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