01850cas a2200277 a 4500 AALejournalIMF007213 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455264407 1018-5941 BD-DhAAL BD-DhAAL Pescatori, Andrea. A New Action-Based Dataset of Fiscal Consolidation / Andrea Pescatori, Daniel Leigh, Jaime Guajardo, Pete Devries. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (90 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents a new dataset of fiscal consolidation for 17 OECD economies during 1978-2009. We focus on 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. To identify the motivation and budgetary impact of the fiscal policy changes, we examine contemporaneous policy documents, including Budgets, Budget Speeches, central bank reports, Convergence and Stability Programs submitted by the authorities to the European Commission, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation. Mode of access: Internet Devries, Pete. Guajardo, Jaime. Leigh, Daniel. IMF Working Papers; Working Paper ; No. 2011/128 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/128/001.2011.issue-128-en.xml IMF e-Library