A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean

Antonio David, Daniel Leigh
2018 IMF Working Papers  
This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and long-term fiscal health and not by a response to prospective economic conditions. To identify the motivation and budgetary impact of the fiscal policy changes, we examine contemporaneous policy documents, including Budgets, central bank
more » ... central bank reports, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation for these economies. JEL Classification Numbers: E62, H20, H5, H6
doi:10.5089/9781484353059.001 fatcat:uztorrpwxnhxbl3mpcnmqwap3m