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Survey-Based Structural Budget Balances
2021The budget dispute between Italy and the European Commission in 2018 gave new impetus for the debate about the reliability of output gap estimation methods and their use for calculating structural budget balances. In this paper we review the main properties of the mainstream approaches and compare their performance with structural budget balances ...
Göttert, Marcell, Wollmershäuser, Timo
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Science, 2001
T he new administration's science budget, sketchily outlined in a request to Congress, brought March in like a lion for the National Institutes of Health (NIH). Although that is likely to please our biomedical readers, the budget will disappoint almost everyone else. But from the unfortunates, the silence has been deafening, at least so far. The Battle
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T he new administration's science budget, sketchily outlined in a request to Congress, brought March in like a lion for the National Institutes of Health (NIH). Although that is likely to please our biomedical readers, the budget will disappoint almost everyone else. But from the unfortunates, the silence has been deafening, at least so far. The Battle
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Structural Budget Balance [PDF]
Euro Area member states have agreed to introduce a structural budget balance target to their national legislation (Treaty on Stability, Coordination and Governance). However, there exists no commonly agreed methodology to calculate this macroeconomic indicator.
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Do budget balance rules anchor budget balance expectations? -- Some international evidence [PDF]
This is the first study that analyzes whether budget balance expectations are anchored and whether budget balance rules effectively anchor expectations. To this end, we use a unique data set which covers budget balance expectations in 17 countries that implemented a budget balance rules.
Rülke, Jan-Christoph +2 more
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Science, 2000
President Clinton9s final budget proposes a hefty increase for basic research and tackles a growing imbalance between biomedical research and the rest of science. It9s a far cry from his first year9s budget, which emphasized the need for applied research to help U.S. companies buffeted by increased foreign competition and the end of the Cold War.
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President Clinton9s final budget proposes a hefty increase for basic research and tackles a growing imbalance between biomedical research and the rest of science. It9s a far cry from his first year9s budget, which emphasized the need for applied research to help U.S. companies buffeted by increased foreign competition and the end of the Cold War.
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Balances of Budget Funds: Budget “Profits”
1981Already in chapter I it was noted that the constant excess of revenues over expenditures in the budget, the existence of a constant, so to speak, “budget profit” is a puzzle and evokes distrust. Nearly all the Western specialists with whom I spoke about the deficit nature of the Soviet budget immediately cited as a counterargument precisely this fact ...
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2016
We study efficiency and budget balance for designing mechanisms in general quasi-linear domains. Green and Laffonti¾?[13] proved that one cannot generically achieve both. We consider strategyproof budget-balanced mechanisms that are approximately efficient.
Swaprava Nath, Tuomas Sandholm
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We study efficiency and budget balance for designing mechanisms in general quasi-linear domains. Green and Laffonti¾?[13] proved that one cannot generically achieve both. We consider strategyproof budget-balanced mechanisms that are approximately efficient.
Swaprava Nath, Tuomas Sandholm
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Cyclical budget balance measurement [PDF]
Government balances are often adjusted for changes in economic activity in order to draw a clearer picture of the underlying fiscal situation and to use this as a guide to fiscal policy analysis. International organisations estimate the cyclical component of economic activity by the current level of the output gap.
C. AUDENIS, C. PROST
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Balanced Budgets and Depressions
The American Journal of Economics and Sociology, 1996Since 1791, the earliest data available, the national debt has been increased in 112 years, decreased in 93 years. 57 of those balanced-budget, debt-reduction years have been concentrated in six sustained periods of varying length. Also since 1791, there have been six significant economic depressions among the innumerable "business cycles." Each ...
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