Mencinger, Jernej; Aristovnik, Aleksander - Volkswirtschaftliche Fakultät, … - 2013
output gap and potential GDP growth. To evaluate pro-cyclical or countercyclical fiscal policy stance we compare the dynamic … evaluation of the cyclically adjusted balance and output gap. Namely, changes of the cyclically adjusted balance in consecutive … balance and output gap between individual years, which indicates fluctuations in the economic cycle, it is possible to assess …