1. An important tool in the analysis of fiscal policy is the distinction between structural and cyclical components of the budget balance. This paper describes work undertaken to re-estimate and re-specify the elasticities underlying the Economics Department’s calculations of cyclically-adjusted budget balances, which were las
In this paper we suggest a new fiscal indicator, based on a decomposition of the change in the budge...
The article describes how the structural budget deficit is or has been applied as an instrument of f...
This study estimates cyclically adjusted balances of Latvia's general government consolidated budget...
abstract: to calculate structural budget balances, outlays and revenues have to be adjusted for tran...
Assessing the underlying budgetary position and the fiscal stance requires abstracting from cyclical...
The European Central Bank will introduce a new estimator of the cyclical component of the general Au...
The structural balance is obtained by neutralizing the impact of economic cycles on the actual balan...
The revenue and expenditure sides of public budgets are influenced by many factors. The fiscal balan...
Official adjustments of the budget balance to the cycle merely assume that the only category of gove...
This paper discusses whether a country should conduct fiscal policy by targeting a structural (or cy...
Both the OECD and the IMF periodically estimate and publish measures of fiscal impulse to gauge the ...
AbstractWe investigate the short-term effects of fiscal adjustment on economic activity in 20 OECD c...
Observed budget balances are an imperfect indicator of the fiscal policy stance, because fluctuation...
This paper examines the methodology of cyclical adjustment of fiscal balances. The crucial assumptio...
In this paper we present a stylised framework of fiscal policy determination that considers both str...
In this paper we suggest a new fiscal indicator, based on a decomposition of the change in the budge...
The article describes how the structural budget deficit is or has been applied as an instrument of f...
This study estimates cyclically adjusted balances of Latvia's general government consolidated budget...
abstract: to calculate structural budget balances, outlays and revenues have to be adjusted for tran...
Assessing the underlying budgetary position and the fiscal stance requires abstracting from cyclical...
The European Central Bank will introduce a new estimator of the cyclical component of the general Au...
The structural balance is obtained by neutralizing the impact of economic cycles on the actual balan...
The revenue and expenditure sides of public budgets are influenced by many factors. The fiscal balan...
Official adjustments of the budget balance to the cycle merely assume that the only category of gove...
This paper discusses whether a country should conduct fiscal policy by targeting a structural (or cy...
Both the OECD and the IMF periodically estimate and publish measures of fiscal impulse to gauge the ...
AbstractWe investigate the short-term effects of fiscal adjustment on economic activity in 20 OECD c...
Observed budget balances are an imperfect indicator of the fiscal policy stance, because fluctuation...
This paper examines the methodology of cyclical adjustment of fiscal balances. The crucial assumptio...
In this paper we present a stylised framework of fiscal policy determination that considers both str...
In this paper we suggest a new fiscal indicator, based on a decomposition of the change in the budge...
The article describes how the structural budget deficit is or has been applied as an instrument of f...
This study estimates cyclically adjusted balances of Latvia's general government consolidated budget...