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Measuring the Success of Fiscal Consolidations

  • António Afonso
  • João Tovar-Valles

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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Paper provided by ISEG - School of Economics and Management, Department of Economics, University of Lisbon in its series Working Papers Department of Economics with number 2011/22.

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Date of creation: Oct 2011
Date of revision:
Handle: RePEc:ise:isegwp:wp222011
Contact details of provider: Postal: Department of Economics, ISEG - School of Economics and Management, University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
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  1. 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.
  2. 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.
  3. Salvador Barrios & Sven Langedijk & Lucio Pench, 2010. "EU fiscal consolidation after the financial crisis. Lessons from past experiences," European Economy - Economic Papers 418, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
  4. António Afonso, 2010. "Expansionary fiscal consolidations in Europe: new evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 17(2), pages 105-109, January.
  5. 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 103-24, October.
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