Putting Structural Budget Balances on Reliable Footing
The design of future fiscal rules is currently being debated in Germany and the EU. A recurring point is the calculation of the structural budget balance.
Marcell Göttert, Timo Wollmershäuser
doaj +2 more sources
A Structural Var Approach to Estimating Budget Balance Targets [PDF]
The Fiscal Responsibility Act 1994 states that, as a principle of responsible fiscal management, a New Zealand government should ensure total Crown debt is at a prudent level by ensuring total operating expenses do not exceed total operating revenues.
Robert Allan Buckle
exaly +4 more sources
Estimating Potential Output, Output Gaps and Structural Budget Balances [PDF]
This paper reviews the methods used for estimating potential output in OECD countries and the use of the resulting output gaps for the calculation of structural budget balances. The "split time trend" method for estimating trend output that was previously used for calculating structural budget balances is compared with two alternative methods ...
Claude Giorno +2 more
exaly +2 more sources
Formation of Long-Term Fiscal Sustainability of Kazakhstan Using the Rule Structural Budget Balance
The purpose of the study is to substantiate the potential of using the results of modeling potential GDP and estimating the output gap to comply with fiscal rules that are adequate for the corresponding economic cycle of the economy of Kazakhstan.
S. N. Alpysbayeva +3 more
doaj +3 more sources
Structural budget balance and fiscal policy stance in Tunisia
In this paper, we employed the methodology used by the international organizations (Organization for Economic Co-operation and Development – OECD, International Monetary Fund – IMF and the European Commission).
Wissem KHANFIR
doaj +1 more source
The Relationship between Government Budget Deficit and Trade Balance in Iran within a Dynamic Structural Macro-Econometric Model [PDF]
In this study, to find the relationship between the government budget deficit and trade balance in Iran, a structural macro-econometric model is set up.
Seyed Amir Azimi, Mohammad Noferesti
doaj +1 more source
Does the Structural Budget Balance Guide Fiscal Policy Pro-Cyclically? Evidence From the Finnish Great Depression of the 1990s [PDF]
In this article, I evaluate the challenges related to the European Commission's output gap method of calculating the structural budgetary position, and assess its bottom-up alternatives in the EU's fiscal framework using the Finnish data for the years 1984–2014.
exaly +2 more sources
Survey-Based Structural Budget Balances [PDF]
The 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
openaire +4 more sources
The research aims to show the impact of structural imbalances in the main sectors in the Kingdom of Saudi Arabia by testing the relationship in the short and long term between the variables of the structure of the main sectors of industry, agriculture, and mining, in addition to the price of oil as independent variables, and between the public budget ...
Zozan Mohammed Salih* +2 more
exaly +2 more sources
Ricardian equivalence or twin deficits hypothesis? Evidence from Serbia [PDF]
This study investigates empirically whether higher budget deficits worsen the current account balance in Serbia, which is in line with the twin deficit hypothesis.This prediction is very different from Ricardian equivalence theory, which implies
Rašković Jelena
doaj +1 more source

