{
  "title": "An Updated Action-based Dataset of Fiscal Consolidation",
  "publication": "IMF Working Papers, September 27, 2024",
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  "summary": "This paper presents a dataset of fiscal consolidation for 17 OECD economies during 1978-2020 and 14 economies in Latin America and the Caribbean during 1989-2020.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Title: An Updated Action-based Dataset of Fiscal Consolidation\n- Authors: Gustavo Adler, Cian Allen, Giovanni Ganelli, Daniel Leigh\n- Publication date: September 27, 2024\n- Series: Working Paper No. 2024/210\n- Issue: 210\n- Volume: 2024\n- Pages: 20"
    },
    {
      "heading": "Dataset scope and coverage",
      "content": "- Geographic coverage:\n  - 17 OECD economies during 1978-2020\n  - 14 economies in Latin America and the Caribbean during 1989-2020\n- Focus:\n  - 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\n- Sources examined to identify motivation and budgetary impact:\n  - Contemporaneous policy documents, including central bank reports\n  - Convergence Programmes and Stability Programmes submitted by the authorities to the European Commission\n  - IMF and OECD reports"
    },
    {
      "heading": "Methodology and purpose",
      "content": "- Identification approach:\n  - Manual examination of contemporaneous policy documents to determine the motivation (deficit reduction intent) and budgetary impact of fiscal policy changes\n- Primary intended use:\n  - The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation"
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Asset and liability management; Consumption taxes; Debt reduction; Fiscal consolidation; Fiscal performance assessment; Fiscal policy; Government debt management; Public financial management (PFM); Taxes\n- Keywords: Caribbean; consumption tax hike; Consumption taxes; dataset of fiscal consolidation; Debt reduction; Fiscal consolidation; fiscal consolidation plan; Fiscal performance assessment; Fiscal policy; Government debt management; government expenditure; IMF working paper No. 24/210; OECD report; taxation\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2024/09/27/an-updated-action-based-dataset-of-fiscal-consolidation-554986"
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    "Authors: Gustavo Adler, Cian Allen, Giovanni Ganelli, Daniel Leigh",
    "Published: September 27, 2024",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9798400289811.001",
    "Title: An Updated Action-based Dataset of Fiscal Consolidation",
    "Authors: Gustavo Adler, Cian Allen, Giovanni Ganelli, Daniel Leigh",
    "Publication date: September 27, 2024",
    "Series: Working Paper No. 2024/210",
    "Issue: 210",
    "Volume: 2024",
    "Pages: 20",
    "Geographic coverage:",
    "Focus:",
    "Sources examined to identify motivation and budgetary impact:",
    "Identification approach:",
    "Primary intended use:",
    "Subject: Asset and liability management; Consumption taxes; Debt reduction; Fiscal consolidation; Fiscal performance assessment; Fiscal policy; Government debt management; Public financial management (PFM); Taxes",
    "Keywords: Caribbean; consumption tax hike; Consumption taxes; dataset of fiscal consolidation; Debt reduction; Fiscal consolidation; fiscal consolidation plan; Fiscal performance assessment; Fiscal policy; Government debt management; government expenditure; IMF working paper No. 24/210; OECD report; taxation",
    "**Working Paper**"
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