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Computing Cyclically-Adjusted Balances and Automatic Stabilizers

This technical note focuses on computing cyclically adjusted balances and automatic stabilizers. The note provides guidance on how to decompose overall fiscal balances into cyclical and cyclically adjusted components, and how to interpret automatic fiscal stabilizers. These indicators are commonly u...

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Bibliographic Details
Main Author: Fedelino, Annalisa
Other Authors: Horton, Mark, Ivanova, Anna
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:Technical Notes and Manuals
Subjects:
Fiscal Stance
Treasury Policy
Comparative Or Joint Analysis Of Fiscal And Monetary Policy
Debt Service
Stabilization
Public Finance & Taxation
Output Gap
National Deficit Surplus
Fiscal Policy
Exports And Imports
International Economics
International Lending And Debt Problems
Production; Economic Theory
National Government Expenditures And Related Policies: General
Expenditure
Macroeconomics: Production
Interest Payments
National Budget, Deficit, And Debt: Other
Expenditures, Public
Macroeconomics
Macroeconomic Policy, Macroeconomic Aspects Of Public Finance, And General Outlook: General
Automatic Stabilizers
Public Finance
Production And Operations Management
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This technical note focuses on computing cyclically adjusted balances and automatic stabilizers. The note provides guidance on how to decompose overall fiscal balances into cyclical and cyclically adjusted components, and how to interpret automatic fiscal stabilizers. These indicators are commonly used to assess how fiscal policy responds to macroeconomic conditions. Various approaches to cyclical adjustment and estimation of the automatic stabilizers are possible. This note focuses on the approach used by the IMF’s Fiscal Affairs Department in the paper on the State of Public Finances and in the Fiscal Monitor
Physical Description:13 pages
ISBN:9781462359622

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