## An Updated Action-based Dataset of Fiscal Consolidation

_IMF Working Papers, September 27, 2024_

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## Bibliographic details
- 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

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### Overview
- 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

### Dataset scope and coverage
- Geographic coverage:
  - 17 OECD economies during 1978-2020
  - 14 economies in Latin America and the Caribbean during 1989-2020
- Focus:
  - 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
- Sources examined to identify motivation and budgetary impact:
  - Contemporaneous policy documents, including central bank reports
  - Convergence Programmes and Stability Programmes submitted by the authorities to the European Commission
  - IMF and OECD reports

### Methodology and purpose
- Identification approach:
  - Manual examination of contemporaneous policy documents to determine the motivation (deficit reduction intent) and budgetary impact of fiscal policy changes
- Primary intended use:
  - The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation

### Subject areas and keywords
- 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

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## Content in this bundle

- **Working Paper**
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_Source: https://www.imf.org/en/publications/wp/issues/2024/09/27/an-updated-action-based-dataset-of-fiscal-consolidation-554986_