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      Fiscal Multipliers and Public Debt Dynamics in Consolidations  [Presentation]

      Salto, Matteo; Boussard, Jocelyn; Castro Fernández, Francisco de (Universidad de Sevilla, 2013)
      The success of a consolidation in reducing the debt ratio depends crucially on the value of the multiplier, which measures the impact of consolidation on growth, and on the reaction of sovereign yields to such a ...