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This paper introduces a methodological innovation into Generational Accounting. By incorporating cyclically-adjusted balances into the forward-looking budget projections underlying the concept we isolate pure policy effects, which render comparisons of the fiscal sustainability indicators...
Persistent link: https://www.econbiz.de/10010327239
According to the 2001 Spanish budgetary previsions, the government deficit is about to disappear. We analyse this matter within a generational accounting framework. Accounting for the recent expansive phase of the economic cycle, we find that current fiscal policy is also intertemporally...
Persistent link: https://www.econbiz.de/10010262513
According to the 2001 Spanish budgetary previsions, the government deficit is about to disappear. We analyse this matter within a generational accounting framework. Accounting for the recent expansive phase of the economic cycle, we find that current fiscal policy is also intertemporally...
Persistent link: https://www.econbiz.de/10011401525
Persistent link: https://www.econbiz.de/10010375324
This paper introduces a methodological innovation into Generational Accounting. By incorporating cyclically-adjusted balances into the forward-looking budget projections underlying the concept we isolate pure policy effects, which render comparisons of the fiscal sustainability indicators...
Persistent link: https://www.econbiz.de/10010204041
Persistent link: https://www.econbiz.de/10001777192
Persistent link: https://www.econbiz.de/10001893898
Persistent link: https://www.econbiz.de/10001580621
Persistent link: https://www.econbiz.de/10001588899
Persistent link: https://www.econbiz.de/10013268692