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Cyclically Adjusted Budget Balances: an Alternative Approach

Carine Bouthevillain, G. Van Den Dool, G. Langenus, Matthias Mohr (), Sandro Momigliano, M. Tujula, Pablo Hernández de Cos and Philippine Cour-Thimann ()

Working Papers from Quebec a Montreal - Recherche en gestion

Abstract: Estimates of cyclically-adjusted budget balances, correcting actual government budget balances for business cycle fluctuations, are produced by many institutions, including the European Commission, the IMF and the OECD. This paper presents an alternative approach for the cyclical adjustment of budget balances.

Keywords: FISCAL POLICY; GOVERNMENT; BUDGET; BUSINESS CYCLES (search for similar items in EconPapers)
JEL-codes: E32 E60 (search for similar items in EconPapers)
Pages: 72 pages
Date: 2001
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Handle: RePEc:fth:uqamge:77