Search Results - subject:"cyclically adjusted balance"

Poniatowski, Grzegorz - In: Central European journal of economic modelling and … 11 (2019) 4, pp. 199-215

Persistent link: https://www.econbiz.de/10012294608

Enhancing credibility and commitment to fiscal rules

Poniatowski, Grzegorz - 2018

The objective of this paper is to derive the characteristics of an effective fiscal governance framework, focusing on the incentives that ensure a commitment to the fiscal rules. We study this problem with the use of econometric tools, complementing this analysis with formal modelling through...

Persistent link: https://www.econbiz.de/10011859174

Enhancing credibility and commitment to fiscal rules

Poniatowski, Grzegorz - 2018

Persistent link: https://www.econbiz.de/10011852808

Structural Balance Targeting and Output Gap Uncertainty

Tereanu, Eugen; Tuladhar, Anita; Simone, Alejandro - International Monetary Fund (IMF) - 2014

Potential output estimation plays a crucial role in conducting fiscal policy based on structural balances. Difficulties in estimating potential output could lead to an erroneous policy stance with a consequent impact on growth. This paper analyzes historical data on revisions of actual and...

Persistent link: https://www.econbiz.de/10011123853

Fiscal Policy Stance in the European Union: The Impact of the Euro

Mencinger, Jernej; Aristovnik, Aleksander - Volkswirtschaftliche Fakultät, … - 2013

estimate fiscal policy stance. The analysis of the cyclically adjusted balance gives an additional insight into the former … evaluation of the cyclically adjusted balance and output gap. Namely, changes of the cyclically adjusted balance in consecutive … years indicate the orientation of fiscal policy, i.e. the fiscal impulse. By comparing the change in the cyclically adjusted …

Persistent link: https://www.econbiz.de/10011258063

Structural Budget Balances: Calculation, Problems and Benefits

Reiss, Lukas - In: Monetary Policy & the Economy (2013) 1, pp. 12-28

The reform of the Stability and Growth Pact and the incorporation of “debt brake” rules into national legislation have heavily increased the importance of structural balances in economic policymaking in Europe. As defined by the European Commission, structural balances are calculated by...

Persistent link: https://www.econbiz.de/10011015376

The Future of Sovereign Borrowing

Gnan, Ernest; Holler, Johannes - In: Monetary Policy & the Economy (2013) 1, pp. 51-51

In March 2013 around 130 participants from academia, banking and finance, governments and central banking gathered at the premises of the OeNB in Vienna for a conference jointly organized by the European Money and Finance Forum SUERF, the OeNB and the Österreichische Bankwissenschaftliche...

Persistent link: https://www.econbiz.de/10010691841

Investigating the Cyclical Behavior of Fiscal Policy in the Republic of Macedonia during the Period of Transition

Angelovska Bezovska, Anita; Bogoev, Jane; Mitreska, Ana; … - 2011

Persistent link: https://www.econbiz.de/10011785346

Investigating the Cyclical Behavior of Fiscal Policy in the Republic of Macedonia during the Period of Transition

Angelovska Bezovska, Anita; Bogoev, Jane; Mitreska, Ana; … - Narodna Banka na Republika Makedonija - 2011

The main aim of this research is to investigate the cyclical behavior of fiscal policy with respect to output gap fluctuations in the Republic of Macedonia during the period 1991-2009. We use two different fiscal policy measures: 1) the cyclically unadjusted primary budget balance and 2) the...

Persistent link: https://www.econbiz.de/10010737087

Investigating the Cyclical Behavior of Fiscal Policy in the Republic of Macedonia during the Period of Transition

Angelovska Bezoska, Anita; Bogoev, Jane; Mitreska, Ana; … - Narodna Banka na Republika Makedonija - 2011

Persistent link: https://www.econbiz.de/10010838879