Research Catalog

Title

Measuring Cyclically-adjusted Budget Balances for OECD Countries [electronic resource] / Nathalie Girouard and Christophe André

Author

Girouard, Nathalie.

Publication

Paris : OECD Publishing, 2005.

Details

Additional Authors

André, Christophe.

Description

43 p.; 21 x 29.7cm.

Summary

Measuring cyclically-adjusted budget balances for OECD countries An important tool in the analysis of fiscal policy is the distinction between structural and cyclical components of the budget balance. This paper describes work undertaken to re-estimate and re-specify the elasticities underlying the Economics Department's calculations of cyclically-adjusted budget balances. Account is taken of tax reforms introduced since the previous updating exercise. A number of methodological innovations have been introduced to better account for the lags between taxes and activity and to ensure greater cross-country consistency in the estimates. The methodology underlying cyclical adjustment of expenditures has also been reviewed. Finally, the country coverage has been extended. The overall results are broadly consistent with the previous set of estimates. The sensitivity of government net lending to a 1 percentage point change in the output gap remains at around 0.5% of GDP for OECD economies on average.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.434

Uniform Title

OECD Economics Department Working Papers, no.434.

Subject

Economics

LCCN

10.1787/787626008442

OCLC

oecd-lib-003856

Author

Girouard, Nathalie.

Title

Measuring Cyclically-adjusted Budget Balances for OECD Countries [electronic resource] / Nathalie Girouard and Christophe André

Imprint

Paris : OECD Publishing, 2005.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.434

OECD Economics Department Working Papers, 1815-1973 ; no.434.

Connect to:

http://dx.doi.org/10.1787/787626008442

Indexed Term

Economics

Added Author

André, Christophe.

Other Standard Identifier

10.1787/787626008442 doi