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Indicators Of Structural Budget Balances
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Book Synopsis Indicators of Structural Budget Balances by :
Download or read book Indicators of Structural Budget Balances written by and published by . This book was released on 1999 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Indicators of Structural Budget Balances by : Banca d'Italia. Servizio studi
Download or read book Indicators of Structural Budget Balances written by Banca d'Italia. Servizio studi and published by . This book was released on 1999 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Indicators of Structural Budget Balances : Essays Presented at the Bank of Italy Workshop Help in Perugia, 26-28 Nov 1998 by : Banca d'Italia
Download or read book Indicators of Structural Budget Balances : Essays Presented at the Bank of Italy Workshop Help in Perugia, 26-28 Nov 1998 written by Banca d'Italia and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Indicators of structural budget balances by :
Download or read book Indicators of structural budget balances written by and published by . This book was released on 1999 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Structural Balances and All That by : Nigel Andrew Chalk
Download or read book Structural Balances and All That written by Nigel Andrew Chalk and published by International Monetary Fund. This book was released on 2002-06 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural indicators of a country's fiscal position are regularly used as estimates of both discretionary changes in fiscal policy and the effect of fiscal policy on aggregate demand. This paper looks at such indicators and evaluates, from a theoretical standpoint and from empirical case studies, their usefulness in measuring the size of discretionary policy action or fiscal demand stimulus. Two propositions are examined in detail: first, that the change in the primary structural balance provides a better indicator of discretionary fiscal policy than does the change in the primary balance; and second, that the change in the structural balance is a good indicator of the demand stimulus arising from changes in the fiscal position. In addition, the paper discusses measurement problems relating to structural balances and the use of the fiscal impulse as an alternative to structural balances.
Book Synopsis Indicators of the Cyclically Adjusted Budget Balance by : Anne Brunila
Download or read book Indicators of the Cyclically Adjusted Budget Balance written by Anne Brunila and published by . This book was released on 2009 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cyclically adjusted government budget balances have become increasingly popular as a means of analysing the fiscal situation and changes in policy that result from the intentional actions of the government. As the actual budget balances are affected both by cyclical factors ('automatic stabilisers') and structural ('discretionary') measures, they may not, in general, be very useful when seeking to assess the orientation of underlying fiscal policy and possible structural imbalances in the budget balance. The problem however is that there is no generally accepted method of calculating cyclically adjusted (structural) budget balances. The results tend to be fairly noisy and sensitive to the method of calculation. The purpose of this article is to highlight these issues by reviewing three estimation methods used by the Bank of Finland - GDP smoothing based on the Hodrick-Prescott trend estimation method, the production function approach and Blanchard's method - and the corresponding estimates of the cyclically adjusted budget balances for Finland.
Book Synopsis Indicators of Structural Budget Balances by : Banca d'Italia
Download or read book Indicators of Structural Budget Balances written by Banca d'Italia and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Indicators of Structural Budget Balances by : Banca d'Italia
Download or read book Indicators of Structural Budget Balances written by Banca d'Italia and published by . This book was released on 1999 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Public Budget Balance, Fiscal Indicators and Cyclical Sensitivity in the Nordic Countries by : Henrik Braconier
Download or read book The Public Budget Balance, Fiscal Indicators and Cyclical Sensitivity in the Nordic Countries written by Henrik Braconier and published by Nordic Council of Ministers. This book was released on 1999 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Indicators written by Martin Larch and published by . This book was released on 2007 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal indicators are the backbone of effective fiscal policy-making, including the coordination and surveillance of budgetary policy at the EU level. The quality and success of the EU surveillance framework, in particular the timeliness and appropriateness of any policy recommendation or decision taken in the context of the Stability and Growth Pact (SGP), crucially depend on the quality of its diagnostic instruments. The right conclusions can only be drawn if the underlying analysis is comprehensive and accurate.
Download or read book Working Papers written by and published by . This book was released on 1984 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Structural Balances and All That Which Indicators to Use in Assessing Fiscal Policy by : Nigel Chalk
Download or read book Structural Balances and All That Which Indicators to Use in Assessing Fiscal Policy written by Nigel Chalk and published by . This book was released on 2006 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural indicators of a country`s fiscal position are regularly used as estimates of both discretionary changes in fiscal policy and the effect of fiscal policy on aggregate demand. This paper looks at such indicators and evaluates, from a theoretical standpoint and from empirical case studies, their usefulness in measuring the size of discretionary policy action or fiscal demand stimulus. Two propositions are examined in detail: first, that the change in the primary structural balance provides a better indicator of discretionary fiscal policy than does the change in the primary balance; and second, that the change in the structural balance is a good indicator of the demand stimulus arising from changes in the fiscal position. In addition, the paper discusses measurement problems relating to structural balances and the use of the fiscal impulse as an alternative to structural balances.
Book Synopsis The Structural Budget Balance The IMF’s Methodology by : Mr.Robert P. Hagemann
Download or read book The Structural Budget Balance The IMF’s Methodology written by Mr.Robert P. Hagemann and published by International Monetary Fund. This book was released on 1999-07-01 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the methodology used by the IMF staff to calculate the structural budget balance, estimates of which are published regularly in the IMF’s World Economic Outlook. The structural budget balance is the government’s actual fiscal position purged of the estimated budgetary consequences of the business cycle, and is designed in part to provide an indication of the medium-term orientation of fiscal policy. Interpretation of the structural budget balance requires caution in several respects, however, some of which are reviewed in the paper. The paper then considers briefly the potential usefulness of the structural budget balance as a tool for enforcement--under the Stability and Growth Pact--of the European Economic and Monetary Union reference value on the deficit specified in the Maastricht Treaty.
Book Synopsis Fiscal Policy and Fiscal Indicators by :
Download or read book Fiscal Policy and Fiscal Indicators written by and published by . This book was released on 1995 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Measuring the Effectiveness of Budget Consolidation Efforts by : Martin Larch
Download or read book Measuring the Effectiveness of Budget Consolidation Efforts written by Martin Larch and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Theoretical arguments and empirical evidence are presented to prove the poor quality of the structural budget balance in assessing the effectiveness of budget consolidation efforts. Changes in the structural budget balance currently used as an indicator of fiscal stance give a significantly distorted picture of what consolidation policies achieve. The paper proposes a simple but effective alternative which is free of the shortcomings of the traditional approach. An application to Austrian data illustrates the suggested procedure.
Book Synopsis The Measurement and Interpretation of Structural Budget Balances by : Albert Jaeger
Download or read book The Measurement and Interpretation of Structural Budget Balances written by Albert Jaeger and published by . This book was released on 1990 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Structural Balance Targeting and Output Gap Uncertainty by : Eugen Tereanu
Download or read book Structural Balance Targeting and Output Gap Uncertainty written by Eugen Tereanu and published by International Monetary Fund. This book was released on 2014-06-13 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Potential output estimation plays a crucial role in conducting fiscal policy based on structural balances. Difficulties in estimating potential output could lead to an erroneous policy stance with a consequent impact on growth. This paper analyzes historical data on revisions of actual and potential growth in the European Union and the implication of these revisions for the measurement of fiscal effort using the cyclically-adjusted primary balance (CAPB). It finds that revisions in output gap estimates were large, at almost 11⁄2 percent of potential GDP on average. Revisions in potential GDP also contributed significantly to revisions in the estimated CAPB, especially during the crisis years. Given these findings and historical correlations, it proposes an indicative rule of thumb for reducing errors in the measurement of fiscal effort by factoring in that about 30 percent of revisions in actual growth capture changes in potential growth. In other words, the standard advice of “letting automatic stabilizers operate fully” in response to a positive/negative growth shocks likely implies a strengthening/weakening of the structural position.