Measuring the success of fiscal consolidations

Antonio Afonso and Joao Jalles

Applied Financial Economics, 2012, vol. 22, issue 13, 1053-1061

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.

Date: 2012
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Working Paper: Measuring the Success of Fiscal Consolidations (2011)
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DOI: 10.1080/09603107.2011.637894

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