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Fiscal consolidations in the Central and Eastern European countries
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Orientador(es)
Resumo(s)
We study fiscal consolidations in the Central and Eastern European countries
and what determines the probability of their success. We define consolidation
events as substantive improvements in fiscal balances adjusting for the impact of
cyclical effects. We use logit models for the period 1991–2003 to assess the determinants
of the success of a fiscal adjustment. The results seem to suggest that for
these countries expenditure based consolidations have tended to be more successful.
By contrast, revenue-based consolidations have a tendency to be less successful.
Descrição
Palavras-chave
Fiscal Policy Fiscal Episodes Central and Eastern Europe Logit Models
Contexto Educativo
Citação
Afonso, António; Christiane Nickel and Philipp C. Rother. (2006). "Fiscal consolidations in the Central and Eastern European countries". Review of World Economics, Vol. 142, No. 2: pp. 402-421.
Editora
The Kiel Institute