Braconier, Henrik; Forsfält, Tomas - Konjunkturinstitutet, Government of Sweden - 2004
In this paper, we discuss a new method for constructing a cyclically adjusted budget balance. We use the method to … a significant impact on the cyclically adjusted budget balance, especially for the periods 1992–1995 and 2000–2001. … adjust for effects of the unemployment gap on government spending. For Sweden, we find that these additional adjustments have …