When and How to Adjust Beyond the Business Cycle? A Guide to Structural Fiscal Balances
Technical Notes and Manuals, April 11, 2011
Source details
- Canonical URL
- When and How to Adjust Beyond the Business Cycle? A Guide to Structural Fiscal Balances
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Bibliographic details
- Authors: Fabian Bornhorst, Annalisa Fedelino, Jan Gottschalk, Gabriela Dobrescu
- Published: April 11, 2011
- Series: Technical Notes and Manuals
- DOI: https://doi.org/10.5089/9781475510201.005
Overview and Purpose
- Technical Notes and Manuals are produced by IMF departments to expand the dissemination of their technical assistance advice.
- These papers present general advice and guidance, drawn in part from unpublished technical assistance reports, to a broader audience.
- This series was launched in August 2009.
- This specific note aims to provide guidance on computing and interpreting structural fiscal balances and on when and how fiscal adjustment should go beyond the business cycle.
Scope and Themes Covered
- Subject areas:
- Asset prices
- Business cycles
- Economic growth
- Expenditure
- Fiscal policy
- Fiscal stance
- Output gap
- Prices
- Production
- Keywords:
- asset prices
- asset-price cycle
- business cycle
- business cycle fluctuations
- Business cycles
- commodity price
- commodity prices
- composition effect
- cyclical adjustment
- elasticity estimate
- fiscal policy
- Fiscal stance
- gap term
- Global
- housing price Gap
- output composition
- Output gap
- price boom
- structural fiscal balance
- TNM
Tools and Supplementary Material
- Template to Compute Cyclically Adjusted and Structural Fiscal Balances, (ZIP file size 356 KB)
Intended Use and Audience
- General advice and guidance for a broader audience, drawing in part on unpublished technical assistance reports.
- Guidance is technical in nature and intended for users involved in fiscal policy analysis and adjustment design.
Source: When and How to Adjust Beyond the Business Cycle? A Guide to Structural Fiscal Balances, Technical Notes and Manuals 2011/002 (April 11, 2011).