Model And Results Of A Stress Test On Public Finance - Analysis And Comparison With The Model Of The Ministry Of Finance

Julian Voynov
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Julian Voynov: D. A. Tsenov Academy of Economics

Economic Archive, 2023, issue 2 Year 2023, 11-30

Abstract: The article presents a model for calculating the production gap to obtain the cyclically-adjusted budget balance (CAB), which is then used to conduct a stress test with the production gap values to track the reaction of CAB in terms of the Impulse-Response Function in EViews.

Keywords: public finance; output gap; cyclically-adjusted budget balance; stress test; impulse-response function (search for similar items in EconPapers)
JEL-codes: H62 H68 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:dat:earchi:y:2023:i:2:p:11-30

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