FISCAL CONSOLIDATION AND DECENTRALISATION: A TALE OF TWO TIERS

3.5 Episodes of Fiscal Consolidation and some initial analysis

Table 1 lists the years in which we have identified consolidation attempts at both the general
government level and for the sub-central tier.

Table 1: Chronology of Fiscal Consolidation Attempts

	Year of Attempted Consolidation at General Govt ________level________	Year of Attempted Consolidation at sub-central tier	Of which, collaboration between tiers	Year of successful consolidation attempt at General Govt. _________level_________
Australia	1982, 96 & 98	1998	1998	1996 & 98
Austria	1984	1977, 80 & 88		-
Belgium	1982, 85, 86 & 94	1982, 83, 84, 85, 91 & 95	1982, 85 & 94/5	1994
Canada	1982, 87, 95, 96 & 97	1982, 87, 93 & 94	1982, 87 & 94/5	1996 & 97
Denmark	1983, 84 & 86	1983	1983/4	1983 & 84
Finland	1976, 81, 84, 88 & 93	1975, 88 & 89	1975/6 & 88/9	-
France	87 & 97	1980 & 86	1986/7	-
Germany	1976, 77 & 82	1976, 77 & 98	1976,77	-
Ireland	1976, 83, 84, 87, 88 & 89	1976, 77, 83 & 87	1976,77,83,87	1987, 88 & 89
Netherlands	1983, 85, 88, 91 & 93	1976, 81, 82, 83, 88 & 89	1983, 88/9	-
Norway	1981, 83, 89, 90 & 94	1981, 90 & 94	1981, 90 & 94	1981 & 94
Spain	1985, 86 & 97	1983, 87 & 92	1986/7	1997
Sweden	1981, 82, 83, 84, 87, 92, 94, 95 & 96	1995, 97 & 98	1995 & 96/97	1984, 87 & 96
UK	1976, 77, 87, 88, 96, 97 & 98	1975, 76, 77, 81 & 92	1976 & 77	1976, 77, 87, 88, 97 & 98
USA	-	-	-	-
Total	61	47	27	22

The dates in the first column are broadly similar to those reported in Alesina and Perotti
[1995], allowing for the difference in our sample period and for minor revisions to the
published data. It is also useful to note that a number of episodes that have been discussed at
length in the existing literature are represented, including the UK in the late 1990s, and
Denmark and Ireland in the late 1980s, see, for example Dornbusch [1989], Giavazzi and
Pagano [1990], Bradley and Whelan [1997], Lambertini and Tavares [2000] and Hjelm and
Johansson [2002]. In the fourth column we indicate the dates of successful consolidation

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