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.
| Original language | English |
|---|---|
| Pages (from-to) | 1053-1061 |
| Number of pages | 9 |
| Journal | Applied Financial Economics |
| Volume | 22 |
| Issue number | 13 |
| Early online date | 8 Feb 2012 |
| DOIs | |
| Publication status | Published - 2012 |
Keywords
- fiscal episodes
- panel data
- logit
- expenditure
- revenue