National fiscal consolidations and regional inequality in Europe
基于1980-2008年13个欧洲国家数据，研究发现国家财政整顿（尤其是通过削减政府支出）会加剧区域收入不平等，可能削弱欧洲促进区域凝聚力的政策努力。
Using annual data for 13 European countries over the period 1980–2008, we assess the impact of national fiscal consolidations on the income inequality of European regions. Regional dispersion increases in the outcome of consolidation episodes, particularly, when packages are more severe and implemented through spending cuts rather than tax rises. From a policy perspective, these findings suggest that fiscal consolidations driven by reductions in government spending can exacerbate regional disparities and may ultimately counteract the European policy efforts to promote territorial cohesion. Our results are robust to alternative inequality measures, the occurrence of crisis episodes and the exclusion of fiscal outliers.