Accounting for One-off Operations when Assessing Underlying Fiscal Positions:
Frequent recourse to large one-off operations in a number of OECD countries has undermined the accuracy of cyclically adjusted fiscal balances as a measure of both the sustainability of public finance and the fiscal stance. This paper first provides detailed information on the nature and amount of t...
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| Main Author: | |
|---|---|
| Other Authors: | , , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2008
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | Frequent recourse to large one-off operations in a number of OECD countries has undermined the accuracy of cyclically adjusted fiscal balances as a measure of both the sustainability of public finance and the fiscal stance. This paper first provides detailed information on the nature and amount of these one-offs for 9 OECD countries. The paper then presents a new indicator - the "underlying" fiscal balance - which effectively eliminates the impact of one-offs and cyclical developments. One-offs are derived as the deviations from trend in net capital transfers, i.e. from widely available national account data. This approach provides a consistent treatment of one-offs both across countries and over time, avoiding the potential information biases which could result from an individual identification of one-offs |
| Physical Description: | 1 Online-Ressource (33 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/236220765316 |
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| spelling | Joumard, Isabelle Verfasser aut Accounting for One-off Operations when Assessing Underlying Fiscal Positions Isabelle Joumard ... [et al] = Évaluer les positions budgétaires sous-jacentes en présence de mesures ponctuelles / Isabelle Joumard ... [et al] Évaluer les positions budgétaires sous-jacentes en présence de mesures ponctuelles Paris OECD Publishing 2008 1 Online-Ressource (33 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Frequent recourse to large one-off operations in a number of OECD countries has undermined the accuracy of cyclically adjusted fiscal balances as a measure of both the sustainability of public finance and the fiscal stance. This paper first provides detailed information on the nature and amount of these one-offs for 9 OECD countries. The paper then presents a new indicator - the "underlying" fiscal balance - which effectively eliminates the impact of one-offs and cyclical developments. One-offs are derived as the deviations from trend in net capital transfers, i.e. from widely available national account data. This approach provides a consistent treatment of one-offs both across countries and over time, avoiding the potential information biases which could result from an individual identification of one-offs Economics Minegishi, Makoto ctb André, Christophe ctb Nicq, Chantal ctb https://doi.org/10.1787/236220765316 Verlag kostenfrei Volltext |
| spellingShingle | Joumard, Isabelle Accounting for One-off Operations when Assessing Underlying Fiscal Positions Economics |
| title | Accounting for One-off Operations when Assessing Underlying Fiscal Positions |
| title_alt | Évaluer les positions budgétaires sous-jacentes en présence de mesures ponctuelles |
| title_auth | Accounting for One-off Operations when Assessing Underlying Fiscal Positions |
| title_exact_search | Accounting for One-off Operations when Assessing Underlying Fiscal Positions |
| title_exact_search_txtP | Accounting for One-off Operations when Assessing Underlying Fiscal Positions |
| title_full | Accounting for One-off Operations when Assessing Underlying Fiscal Positions Isabelle Joumard ... [et al] = Évaluer les positions budgétaires sous-jacentes en présence de mesures ponctuelles / Isabelle Joumard ... [et al] |
| title_fullStr | Accounting for One-off Operations when Assessing Underlying Fiscal Positions Isabelle Joumard ... [et al] = Évaluer les positions budgétaires sous-jacentes en présence de mesures ponctuelles / Isabelle Joumard ... [et al] |
| title_full_unstemmed | Accounting for One-off Operations when Assessing Underlying Fiscal Positions Isabelle Joumard ... [et al] = Évaluer les positions budgétaires sous-jacentes en présence de mesures ponctuelles / Isabelle Joumard ... [et al] |
| title_short | Accounting for One-off Operations when Assessing Underlying Fiscal Positions |
| title_sort | accounting for one off operations when assessing underlying fiscal positions |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/236220765316 |
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