Afonso, AntónioJalles, João Tovar2022-09-262022-09-262012Afonso, António and João Tovar Jalles. (2012). "Measuring the success of fiscal consolidations". Applied Financial Economics, Vol. 22, No. 13: pp. 1053-1061.1466–4305 (Online)http://hdl.handle.net/10400.5/25594We 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.engFiscal EpisodesPanel DataLogitExpenditureRevenuejournal article10.1080/09603107.2011.637894