منابع مشابه
Structural Budget Balances : Calculation , Problems and Benefits
The reform of the Stability and Growth Pact and the incorporation of “debt brake” rules into national legislation have heavily increased the importance of structural balances in economic policymaking in Europe. As defined by the European Commission, structural balances are calculated by subtracting the estimated cyclical component of government revenue and spending as well as certain temporary ...
متن کامل4/RT/99 - Measuring Structural Budget Balances in a Fast Growing Economy: the Case of Ireland
The most popular method of measuring structural budget balances is the “gaps plus elasticities” approach. In this paper, it is argued that the idiosyncratic features of an economy need to be accounted for properly when seeking to achieve good estimates of structural budget balances using this method. The first step in this approach involves measuring the economy’s potential output in order to i...
متن کاملPresidentialism, Electoral Identifiability, and Budget Balances in Democratic Systems
This paper examines the impact of the form of government—–presidential or parliamentary—–on fiscal outcomes in democratic systems. Based on data for democracies in 98 countries between 1970 and 2002, it shows that the gross domestic product ratio of the central government budget balance is higher in presidential than in parliamentary democracies. It also shows that this impact is not due to the...
متن کاملStructural Differencing Estimation with Nonlinear Budget Sets
I develop a reform evaluation method for evaluating labor supply in nonlinear budget sets which is both structural and quasi-experimental. The model only requires preferences to be convex on the budget frontier and results in a simple three-dimensional labor supply function. The estimation exploits only the between-individual variation provided by tax reforms. I apply the method to evaluate ear...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3798932