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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Détails bibliographiques
Auteur principal: Liu, Estelle
Autres auteurs: Mattina, Todd, Poghosyan, Tigran
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2015.
Collection:IMF Working Papers; Working Paper ; No. 2015/109
Accès en ligne:Full text available on IMF