Measuring the success of fiscal consolidations

We measure the success of fiscal consolidation, with alternative definitions, based on <italic>ad-hoc</italic> 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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Year of publication:	2012
Authors:	Afonso, António ; Jalles, João Tovar
Published in:	Applied Financial Economics. - Taylor & Francis Journals, ISSN 0960-3107. - Vol. 22.2012, 13, p. 1053-1061
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010970740