When and How to Adjust Beyond the Business Cycle? A Guide to Structural Fiscal Balances

Fabian Bornhorst, Annalisa Fedelino, Jan Gottschalk and Gabriela Dobrescu

No 2011/002, IMF Technical Notes and Manuals from International Monetary Fund

Abstract: Technical Notes and Manuals are produced by IMF departments to expand the dissemination of their technical assistance advice. These papers present general advice and guidance, drawn in part from unpublished technical assistance reports, to a broader audience. This new series was launched in August 2009.

Keywords: TNM; business cycle; commodity price; fiscal policy; price boom; cyclical adjustment; structural fiscal balance; business cycle fluctuations; asset prices; commodity prices; output composition; gap term; composition effect; asset-price cycle; housing price Gap; elasticity estimate; Fiscal stance; Output gap; Business cycles; Global (search for similar items in EconPapers)
Pages: 39
Date: 2011-04-11
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Citations: View citations in EconPapers (42)

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