The Structural Budget Balance: The Imf's Methodology
This paper describes the methodology used by the IMF staff to calculate the structural budget balance, estimates of which are published regularly in the IMF's World Economic Outlook. The structural budget balance is the government's actual fiscal position purged of the estimated budgetary...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1999
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Schriftenreihe: | IMF Working Papers
Working Paper No. 99/95 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper describes the methodology used by the IMF staff to calculate the structural budget balance, estimates of which are published regularly in the IMF's World Economic Outlook. The structural budget balance is the government's actual fiscal position purged of the estimated budgetary consequences of the business cycle, and is designed in part to provide an indication of the medium-term orientation of fiscal policy. Interpretation of the structural budget balance requires caution in several respects, however, some of which are reviewed in the paper. The paper then considers briefly the potential usefulness of the structural budget balance as a tool for enforcement--under the Stability and Growth Pact--of the European Economic and Monetary Union reference value on the deficit specified in the Maastricht Treaty |
Beschreibung: | 1 Online-Ressource (14 p) |
ISBN: | 1451851804 9781451851809 |
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spelling | Hagemann, Robert P. Verfasser aut The Structural Budget Balance The Imf's Methodology Hagemann, Robert P Washington, D.C International Monetary Fund 1999 1 Online-Ressource (14 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 99/95 This paper describes the methodology used by the IMF staff to calculate the structural budget balance, estimates of which are published regularly in the IMF's World Economic Outlook. The structural budget balance is the government's actual fiscal position purged of the estimated budgetary consequences of the business cycle, and is designed in part to provide an indication of the medium-term orientation of fiscal policy. Interpretation of the structural budget balance requires caution in several respects, however, some of which are reviewed in the paper. The paper then considers briefly the potential usefulness of the structural budget balance as a tool for enforcement--under the Stability and Growth Pact--of the European Economic and Monetary Union reference value on the deficit specified in the Maastricht Treaty Online-Ausg http://elibrary.imf.org/view/IMF001/07333-9781451851809/07333-9781451851809/07333-9781451851809.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Hagemann, Robert P. The Structural Budget Balance The Imf's Methodology |
title | The Structural Budget Balance The Imf's Methodology |
title_auth | The Structural Budget Balance The Imf's Methodology |
title_exact_search | The Structural Budget Balance The Imf's Methodology |
title_exact_search_txtP | The Structural Budget Balance The Imf's Methodology |
title_full | The Structural Budget Balance The Imf's Methodology Hagemann, Robert P |
title_fullStr | The Structural Budget Balance The Imf's Methodology Hagemann, Robert P |
title_full_unstemmed | The Structural Budget Balance The Imf's Methodology Hagemann, Robert P |
title_short | The Structural Budget Balance |
title_sort | the structural budget balance the imf s methodology |
title_sub | The Imf's Methodology |
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