Abstract:
Fiscal consolidation, Euro Area, Fiscal policy, Fiscal reforms, Labor market reforms, Monetary policy, General equlibrium models, Structural reforms., real wages, public debt, labor force, real interest, government debt, fiscal balance, interest rates, private consumption, real interest rates, public expenditures, financial sector, financial assets, central bank, public finances, fiscal authorities, economic outlook, pension reform, empirical evidence, relative prices, international monetary fund, fiscal sustainability, private investment, public spending, exchange rates, fiscal measures, international trade, exogenous shocks, rate of inflation, pension systems, government spending, economic