Measuring the success of fiscal consolidations
JOURNAL
YEAR
Sep 21, 2012
TYPE
Articles in journals
AUTHORS
Afonso, A., Jalles, J.
VOL Nº
22
PAGES
8
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.
JEL CLASS
KEYWORDS
Fiscal episodes,Panel data,Logit,