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.
|Number of pages||9|
|Journal||Applied Financial Economics|
|Early online date||8 Feb 2012|
|Publication status||Published - 2012|
- fiscal episodes
- panel data