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Structural Budget Balance [PDF]

, 2013
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.
Virkola, Tuomo
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Estimating New Zealand's Structural Budget Balance [PDF]

, 2010
Existing methodologies for estimating a government's structural budget balance are reviewed and applied to the case of New Zealand. Besides the conventional cyclical adjustment, an assessment is made of other possible non-structural elements to the budgetary position, including the terms of trade, asset prices and unbalanced growth.
Parkyn, Oscar
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Estimating the structural budget balance of the Australian Government: An update

, 2013
This Working Paper presents an overview of structural budget balance models and the adjustments most relevant for Australia. Three models (the OECD model, the IMF model and Treasury’s previously published model in the Australian Government’s 2009-10 Budget and McDonald et al (2010)) are discussed.
Nu Nu Win, Simon Duggan, Phil Garton, Spiro Premetis, Bonnie Li   +4 more
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Structural Budget Balance and Fiscal Stance in Turkey

2021
Structural Budget Balance and Fiscal Stance in Turkey This study comes up with a measure of the structural budget balance for the Turkish economy between 2006-2010 in order to assess fiscal stance and evaluate the sensitivity of the budget balance with respect to the business cycles.
Cebi, Cem, Özlale, Ümit
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The Contradictions of Balanced Structural Government Budgets

SSRN Electronic Journal, 2012
The paper points to the push for balanced budgets in many countries. It briefly reviews the rationale for balanced budgets and finds them wanting. It is argued that a balanced budget and economy operating at potential output are in generally incompatible and hence a balanced structural budget is not possible. It is argued that there are major issues in
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How Do Balanced Budget Rules Impact Fiscal Performance Based On Revenue Structure?: Evidence From U.S. States

State and Local Government Review, 2022
Revenue condition needs to be considered in the design of balanced budget rules (BBRs), because revenue stream, which varies across state governments, is an important factor in balancing the budget. Also, revenue factors may influence state responses to economic crises through the employment of BBRs.Thus, this study examines the influence of BBRs on ...
Sungchan Kim, Soyoung Park
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Structural Budget Balance as a Fiscal Rule in the European Union—Good, Bad, or Ugly?

Public Budgeting & Finance, 2020
The EU's Fiscal Compact requires member states to legislate structural budget balance rule(s) (SBR). We use elite interviews and government documents from Austria, Ireland, and Portugal to assess the extent to which SBRs are perceived to have resulted in improved accountability, coordination, and credible commitment on the part of elected officials. We
Ringa Raudla, James W. Douglas
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The Calculation of Structural Budget Balance: Case of Morocco [PDF]

International Journal of Economics and Financial Issues, 2013
In this paper, we present the concept of the structural budget balance and its empirical application on the Moroccan data. For this, we choose the two-step method. In the first step, we estimate the potential production according to Hodrick-Prescott's method, obtaining the output gap value. This allows us to identify the business cycles of the Moroccan
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Structural deficits and the politics of balancing the budget: the case of missouri fy 2004 budget

Journal of Public Budgeting, Accounting & Financial Management, 2006
This paper uses the Missouri Fiscal Year (FY) 2004 budget as a case study to illustrate two aspects of the recent state budgetary problems: its structural budget deficits and the politics involved in balancing a budget. The paper also highlights the dilemma that government faces in meeting constant public demand for services while revenue sources are ...
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The Algorithmic Structure of Group Strategyproof Budget-Balanced Cost-Sharing Mechanisms

2006
We study mechanisms for cooperative cost-sharing games satisfying: voluntary participation (i.e., no user is forced to pay more her valuation of the service), consumer sovereignty (i.e, every user can get the service if her valuation is large enough), no positive transfer (i.e., no user receives money from the mechanism), budget balance (i.e., the ...
Paolo Penna, Carmine Ventre
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