Measuring the Success of Fiscal Consolidations
ISEG-UTL Economics Working Paper No. 22/2011/DE/UECE
12 Pages Posted: 6 Nov 2011
There are 2 versions of this paper
Measuring the Success of Fiscal Consolidations
Measuring the Success of Fiscal Consolidations
Date Written: November 5, 2011
Abstract
We measure the success of fiscal consolidation, with alternative definitions, based on ad-hoc quantitative approaches and on a policy-action approach. The cyclically adjusted primary balance, and the duration of the consolidation contribute for its success, and the opposite applies for revenue based consolidations.
Keywords: fiscal episodes, panel data, logit
JEL Classification: C23, E62, H50, H62
Suggested Citation: Suggested Citation
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