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...

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Xehetasun bibliografikoak
Egile nagusia: Liu, Estelle
Beste egile batzuk: Mattina, Todd, Poghosyan, Tigran
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2015.
Saila:IMF Working Papers; Working Paper ; No. 2015/109
Sarrera elektronikoa:Full text available on IMF