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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 |
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| Date Deposited: | 26 Sep 2014 10:34 |
| Last Modified: | 22 Jul 2024 11:17 |
| URI: | https://irihs.ihs.ac.at/id/eprint/272 |
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