Correcting 'Beyond the Cycle" : Accounting for Asset Prices in Structural Fiscal Balances /

This paper outlines an operational approach for incorporating the impact of asset price cycles in the calculation of structural fiscal balances (SFBs). The global financial crisis demonstrated that movements in asset prices can have an important fiscal impact. Failing to account for the fiscal impac...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Liu, Estelle
Weitere Verfasser: Mattina, Todd, Poghosyan, Tigran
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2015.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2015/109
Online Zugang:Full text available on IMF