Cyclically adjusted budget balances: an alternative approach:
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Frankfurt am Main
European Central Bank
2001
|
| Schriftenreihe: | Working paper series / European Central Bank
77 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 72 S. 30 cm |
Internformat
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| 245 | 1 | 0 | |a Cyclically adjusted budget balances: an alternative approach |c European Central Bank. By Carine Bouthevillain ... |
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| 490 | 1 | |a Working paper series / European Central Bank |v 77 | |
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Fiscal policy |x Econometric models | |
| 650 | 0 | 7 | |a Konjunkturschwankung |0 (DE-588)4114270-6 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Öffentlicher Haushalt |0 (DE-588)4043173-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Fiskalpolitik |0 (DE-588)4071234-5 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Anpassung |0 (DE-588)4128128-7 |2 gnd |9 rswk-swf |
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Datensatz im Suchindex
| _version_ | 1805068700834856960 |
|---|---|
| adam_text |
CONTENTS
I
.
INTRODUCTION
9
I
.
I
THE
NEED
FOR
ESTIMATES
OF
CYCLICALLY
ADJUSTED
BUDGET
BALANCES
9
1
.2
GENERAL
APPROACH
FOLLOWED
IN
THE
PAPER
1
0
1
.3
MAIN
FEATURES
1
0
1
.4
STRUCTURE
AND
CONTENTS
OF
THE
PAPER
11
2.
BUDGET
ELASTICITIES
1
3
2.
1
COMPUTING
THE
ELASTICITIES
1
3
2.1.1
ECONOMETRIC
ESTIMATION
1
3
2.
1
.2
DERIVATION
OF
ELASTICITIES
BASED
ON
TAX
AND
BENEFIT
LAWS
AND
DETAILED
REVENUE
DATA
15
2.2
BUDGET
VARIABLES
AND
THEIR
MACROECONOMIC
BASES
1
6
2.3
CROSS-COUNTRY
COMPARISON
OF
BUDGET
ELASTICITIES
1
7
2.3.
1
DIRECT
TAXES
ON
HOUSEHOLDS
1
7
2.3.2
DIRECT
TAXES
ON
COMPANIES
1
7
2.3.3
INDIRECT
TAXES
1
9
2.3.4
SOCIAL
SECURITY
CONTRIBUTIONS
1
9
2.3.5
UNEMPLOYMENT-RELATED
EXPENDITURE
20
3.
DETERMINING
TRENDS
AND
GAPS
WITH
THE
HODRICK-PRESCOTT
FILTER
21
3.
1
THE
HODRICK-PRESCOTT
FILTER
2
1
3.2
TWO
PROBLEMS
OF
THE
HP-FILTER:
STRUCTURAL
BREAKS
AND
THE
END-POINT
PROBLEM
23
3.2.1
STRUCTURAL
BREAKS
23
3.2.2
THE
END-POINT
PROBLEM
24
3.3
DEFINING
THE
X
VALUE
OF
THE
HODRICK-PRESCOTT
FILTER
FOR
THE
COMPUTATION
OF
CYCLICALLY
ADJUSTED
BUDGET
BALANCES
25
3.3.
1
METHODOLOGICAL
ASPECTS
AFFECTING
THE
CHOICE
OF
THE
SMOOTHING
PARAMETER
X
25
3.3.2
IMPLICATIONS
OF
LOW
AND
HIGH
VALUES
OF
X
27
3.3.3
CHOICE
OF
THE
VALUE
FOR
X
30
4.
CYCLICALLY
ADJUSTED
BALANCES
AND
THE
SENSITIVITY
OF
THE
BUDGET
BALANCE
TO
THE
BUSINESS
CYCLE
32
4.
1
THE
CALCULATION
OF
CYCLICALLY
ADJUSTED
BALANCES
32
4.2
COMPARISON
WITH
EXISTING
METHODS
33
4.2.
1
A
SIMPLIFIED
APPROACH
33
4.2.2
THE
EUROPEAN
COMMISSION
APPROACH
34
4.2.3
THE
OECD
APPROACH
34
4.2.4
THE
APPROACH
FOLLOWED
IN
THE
PAPER
34
4.3
CYCLICALLY
ADJUSTED
BALANCES
AND
CYCLICAL
COMPONENTS
35
4.3.1
RESULTS
35
4.3.2
SENSITIVITY
ANALYSIS
ON
THE
VALUE
OF
X
36
4.3.3
COMPOSITION
EFFECTS
38
4.3.4
SENSITIVITY
ANALYSIS
ON
THE
EXTENSION
OF
THE
FORECASTS
40
4.4
SENSITIVITY
OF
THE
BUDGET
BALANCE
TO
THE
BUSINESS
CYCLE
4
1
5.
CONCLUSIONS
AND
FURTHER
DEVELOPMENTS
44
6.
REFERENCES
45 |
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| spelling | Cyclically adjusted budget balances: an alternative approach European Central Bank. By Carine Bouthevillain ... Frankfurt am Main European Central Bank 2001 72 S. 30 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / European Central Bank 77 Ökonometrisches Modell Fiscal policy Econometric models Konjunkturschwankung (DE-588)4114270-6 gnd rswk-swf Öffentlicher Haushalt (DE-588)4043173-3 gnd rswk-swf Fiskalpolitik (DE-588)4071234-5 gnd rswk-swf Anpassung (DE-588)4128128-7 gnd rswk-swf Fiskalpolitik (DE-588)4071234-5 s DE-604 Öffentlicher Haushalt (DE-588)4043173-3 s Anpassung (DE-588)4128128-7 s Konjunkturschwankung (DE-588)4114270-6 s Bouthevillain, Carine Sonstige oth Europäische Zentralbank Sonstige (DE-588)5287962-8 oth European Central Bank Working paper series 77 (DE-604)BV012681744 77 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009595945&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Cyclically adjusted budget balances: an alternative approach Ökonometrisches Modell Fiscal policy Econometric models Konjunkturschwankung (DE-588)4114270-6 gnd Öffentlicher Haushalt (DE-588)4043173-3 gnd Fiskalpolitik (DE-588)4071234-5 gnd Anpassung (DE-588)4128128-7 gnd |
| subject_GND | (DE-588)4114270-6 (DE-588)4043173-3 (DE-588)4071234-5 (DE-588)4128128-7 |
| title | Cyclically adjusted budget balances: an alternative approach |
| title_auth | Cyclically adjusted budget balances: an alternative approach |
| title_exact_search | Cyclically adjusted budget balances: an alternative approach |
| title_full | Cyclically adjusted budget balances: an alternative approach European Central Bank. By Carine Bouthevillain ... |
| title_fullStr | Cyclically adjusted budget balances: an alternative approach European Central Bank. By Carine Bouthevillain ... |
| title_full_unstemmed | Cyclically adjusted budget balances: an alternative approach European Central Bank. By Carine Bouthevillain ... |
| title_short | Cyclically adjusted budget balances: an alternative approach |
| title_sort | cyclically adjusted budget balances an alternative approach |
| topic | Ökonometrisches Modell Fiscal policy Econometric models Konjunkturschwankung (DE-588)4114270-6 gnd Öffentlicher Haushalt (DE-588)4043173-3 gnd Fiskalpolitik (DE-588)4071234-5 gnd Anpassung (DE-588)4128128-7 gnd |
| topic_facet | Ökonometrisches Modell Fiscal policy Econometric models Konjunkturschwankung Öffentlicher Haushalt Fiskalpolitik Anpassung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009595945&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV012681744 |
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