A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean

Antonio David and Daniel Leigh

No 2018/094, IMF Working Papers from International Monetary Fund

Abstract: This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and long-term fiscal health and not by a response to prospective economic conditions. To identify the motivation and budgetary impact of the fiscal policy changes, we examine contemporaneous policy documents, including Budgets, central bank reports, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation for these economies

Keywords: WP; income tax; capital expenditure; tax reform; excise tax; Article IV; Fiscal policy; taxation; government expenditure; tax package; tax measure; expenditure cut; estimated tax; mining taxation reform; mining taxation regime; Fiscal consolidation; Caribbean (search for similar items in EconPapers)
Pages: 67
Date: 2018-04-26
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Citations: View citations in EconPapers (20)

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