the measurement and interpretation of structural budget balances

Jäger, Albert (October 1990) the measurement and interpretation of structural budget balances. Former Series > Forschungsberichte / Research Memoranda 272


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abstract: to calculate structural budget balances, outlays and revenues have to be adjusted for transitory swings in economic activity. two critical inputs are required: a measure of potential output, and elasticity estimates to adjust revenues and outlays for the business cycle. a simple filtering technique is described for decomposing output into potential and cyclical components. the estimates of budget elasticities are based on time-varying parameter regression models. an application to austrian data illustrates the suggested procedures.;

Item Type: IHS Series
Date Deposited: 26 Sep 2014 10:34
Last Modified: 01 Apr 2016 14:07

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