Research Catalog

Title

Accounting for One-off Operations when Assessing Underlying Fiscal Positions [electronic resource] / Isabelle Joumard ... [et al]

Publication

Paris : OECD Publishing, 2008.

Details

Additional Authors

• Joumard, Isabelle.
• Minegishi, Makoto.
• André, Christophe.
• Nicq, Chantal.
• Price, Robert.

Description

34 p.; 21 x 29.7cm.

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.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.642

Uniform Title

OECD Economics Department Working Papers, no.642.

Subject

Economics

LCCN

10.1787/236220765316

OCLC

oecd-lib-002604

Title

Accounting for One-off Operations when Assessing Underlying Fiscal Positions [electronic resource] / Isabelle Joumard ... [et al]

Imprint

Paris : OECD Publishing, 2008.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.642

OECD Economics Department Working Papers, 1815-1973 ; no.642.

Connect to:

http://dx.doi.org/10.1787/236220765316

Indexed Term

Economics

Added Author

Joumard, Isabelle.

Minegishi, Makoto.

André, Christophe.

Nicq, Chantal.

Price, Robert.

Other Standard Identifier

10.1787/236220765316 doi