Measuring the success of fiscal consolidations

• Autores: António Afonso, Joao Tovar Jalles
• Localización: Applied financial economics, ISSN 0960-3107, Vol. 22, Nº. 13-15, 2012, págs. 1053-1061
• Idioma: inglés
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• Dialnet Métricas: 1 Cita
• Resumen

  • We measure the success of fiscal consolidation, with alternative definitions, based on ad-hocquantitative 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.