Measuring the success of fiscal consolidations
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.
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Volume (Year): 22 (2012)
Issue (Month): 13 (July)
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References listed on IDEAS
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- Giudice, Gabriele & Turrini, Alessandro Antonio & Veld, Jan in't, 2004. "Non-Keynesian Fiscal Consolidation in the EU? Ex Post Evidence and Ex Ante Analysis," CEPR Discussion Papers 4388, C.E.P.R. Discussion Papers.
- Afonso, António, 2006.
"Expansionary fiscal consolidations in Europe: new evidence,"
Working Paper Series
0675, European Central Bank.
- António Afonso, 2010. "Expansionary fiscal consolidations in Europe: new evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 17(2), pages 105-109, January.
- António Afonso, 2006. "Expansionary fiscal consolidations in Europe: new evidence," Working Papers Department of Economics 2006/18, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
- Salvador Barrios & Sven Langedijk & Lucio Pench, 2010. "EU fiscal consolidation after the financial crisis. Lessons from past experiences," European Economy - Economic Papers 2008 - 2015 418, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Heylen, Freddy & Everaert, Gerdie, 2000. "Success and Failure of Fiscal Consolidation in the OECD: A Multivariate Analysis," Public Choice, Springer, vol. 105(1-2), pages 103-124, October.
- António Afonso & Christiane Nickel & Philipp Rother, 2005.
"Fiscal Consolidations in the Central and Eastern European Countries,"
Working Papers Department of Economics
2005/03, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
- Afonso, António & Nickel, Christiane & Rother, Philipp, 2005. "Fiscal consolidations in the Central and Eastern European countries," Working Paper Series 0473, European Central Bank.
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