Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/2128
Título: Fiscal consolidations in the Central and Eastern European countries
Autor: Afonso, António
Nickel, Christiane
Rother, Philipp
Palavras-chave: fiscal policy
fiscal episodes
Central and Eastern Europe
Logit models
Data: Abr-2005
Editora: European Central Bank
Citação: Afonso, António, Christiane Nickel e Philipp Rother. 2005. "Fiscal consolidations in the Central and Eastern European countries". European Central Bank working paper series nº 473-2005
Relatório da Série N.º: European Central Bank working paper series;nº 473-2005
Resumo: 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.
URI: http://hdl.handle.net/10400.5/2128
ISSN: 1725-2806
Versão do Editor: http://www.ecb.int/pub/pdf/scpwps/ecbwp473.pdf
Aparece nas colecções:DE - Documentos de trabalho / Working Papers

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