This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an introduction to the topic, chapter 2 shows that the institutional setting of fiscal policy making needs to be considered when assessing the sustainability of fiscal policy. Using...

This paper discusses various approaches to decompose economic time series into their trend and cyclical components. For over 30 years now, the Deutsche Bundesbank publishes trend-adjusted indicators in its Statistical Supplement 4 entitled ?Seasonally Adjusted Business Statistics? which are...

Der Beitrag liefert einen kurzen Überblick über alternative Methoden der Bestimmung von Konjunkturzyklen - die Ermittlung auf Grundlage vor-, gleich- und nachlaufender Zeitreihen gesamtwirtschaftlicher Variablen sowie die Zerlegung in Trend- und Zykluskomponenten mittels ökonometrischer...