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A New Action-Based Dataset of Fiscal Consolidation, Andrea Pescatori, Daniel Leigh, Jaime Guajardo, Pete Devries

This paper presents a new dataset of fiscal consolidation for 17 OECD economies during 1978-2009. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit 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, Budget Speeches, central bank reports, Convergence and Stability Programs submitted by the authorities to the European Commission, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Methodology; A. Motivation of Measures; B. Budgetary Effects; III. Country-by-Country Summary of Our Findings; A. Australia; B. Austria; C. Belgium; D. Canada; E. Denmark; F. Finland; G. France; H. Germany; I. Ireland; J. Italy; K. Japan; L. Netherlands; M. Portugal; N. Spain; O. Sweden; P. United Kingdom; Q. United States; Appendix; References; Footnotes
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (183 p.)
Specific Material Designation
Form Of Item

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