How to calibrate fiscal rules : a primer

This note provides guidance on how to calibrate fiscal rules; that is, how to determine the thresholds (ceiling, floor, or target) for specific fiscal aggregates constrained by rules. The note focuses, more specifically, on the calibration of the debt, balance, and expenditure rules.

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Year of publication:	2018-03
Authors:	Baum, Anja ; Eyraud, Luc ; Hodge, Andrew ; Jarmuzek, Mariusz ; Kim, Young ; Mbaye, Samba ; Ture, Elif

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Baum, Anja and Eyraud, Luc and Hodge, Andrew and Jarmuzek, Mariusz and Kim, Young and Mbaye, Samba and Ture, Elif (2018): How to calibrate fiscal rules : a primer. Published in: International Monetary Fund: How To Notes (March 2018)
Classification:	C13 - Estimation ; C15 - Statistical Simulation Methods; Monte Carlo Methods ; H3 - Fiscal Policies and Behavior of Economic Agents ; H6 - National Budget, Deficit, and Debt
Source:	BASE

Persistent link: https://www.econbiz.de/10015260130