A Model-based Fiscal Taylor Rule and a Toolkit to Assess the Fiscal Stance /
This paper presents a model-based fiscal Taylor rule and a toolkit to assess the fiscal stance, defined as the change in the structural primary balance. This is built on the normative buffer-stock model of the government (Fournier, 2019) which includes key channels like hysteresis, cycle-dependent m...
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| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2020/033 |
| Truy cập trực tuyến: | Full text available on IMF |