EXPANSIONARY AUSTERITY? INTERNATIONAL EVIDENCE

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Growth, Slowdowns, and Recoveries (2019, unknown): “For example, we believe that the link between policy interventions and growth is important in light of the recent debate on the consequences of performing fiscal consolidations during recessions (Alesina and Ardagna (2010) and Guajardo, Leigh, and Pescatori (2014) provide opposing views).”
Marginal Tax Rates and Income: New Time Series Evidence (2013, unknown): “(2014), Cloyne (2013), Hayo and Uhl (2014) and Leigh et al. (2014), which allows for replication of the results.”
The Effects of Fiscal Consolidations: Theory and Evidence (2017, background): “This implies that monetary policy does not explain – at least not entirely – the observed heterogeneity in output effect, contrary to what argued by Guajardo et al. (2014).”
Fiscal developments and financial stress: a threshold VAR analysis (2017, unknown): “However, the recent evidence shows that fiscal contractions are likely to be recessionary and the non-Keynesian effects are exceptional (see for example Guajardo et al. (2014).”
A Cross-Country Database of Fiscal Space (2017, unknown): “For fiscal consolidation data, see Guajardo, Leigh, and Pescatori (2014); for contingent liabilities, see Bova et al. (2016); for private debt data, see Bernardini and Forni (2017).”