Cyclical Adjustment in Fiscal Rules: Some Evidence on Real-Time Bias for EU-15 Countries
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DOI: 10.1628/001522108X681388
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- Ademmer, Martin & Boysen-Hogrefe, Jens & Carstensen, Kai & Hauber, Philipp & Jannsen, Nils & Kooths, Stefan & Rossian, Thies & Stolzenburg, Ulrich, 2019. "Schätzung von Produktionspotenzial und -lücke: Eine Analyse des EU-Verfahrens und mögliche Verbesserungen," Open Access Publications from Kiel Institute for the World Economy 193965, Kiel Institute for the World Economy (IfW).
- Ademmer, Martin & Boysen-Hogrefe, Jens & Carstensen, Kai & Hauber, Philipp & Jannsen, Nils & Kooths, Stefan & Rossian, Thies & Stolzenburg, Ulrich, 2019. "Schätzung von Produktionspotenzial und -lücke: Eine Analyse des EU-Verfahrens und mögliche Verbesserungen," Kieler Beiträge zur Wirtschaftspolitik 19, Kiel Institute for the World Economy (IfW Kiel).
- Marcell Göttert & Timo Wollmershäuser, 2021.
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- Marcell Göttert & Timo Wollmershäuser, 2021. "Survey-Based Structural Budget Balances," CESifo Working Paper Series 8911, CESifo.
- Feld, Lars P. & Reuter, Wolf Heinrich, 2021. "The German "debt brake": Success factors and challenges," Freiburg Discussion Papers on Constitutional Economics 21/10, Walter Eucken Institut e.V..
- R. Golinelli & I. Mammi & A. Musolesi, 2018. "Parameter heterogeneity, persistence and cross-sectional dependence: new insights on fiscal policy reaction functions for the Euro area," Working Papers wp1120, Dipartimento Scienze Economiche, Universita' di Bologna.
- Maritta Paloviita & Pasi Ikonen, 2018. "Real-time uncertainty in budget planning: evidence from euro area countries," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 21(4), pages 281-300, October.
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- Pablo Hernández de Cos & Aitor Lacuesta & Enrique Moral-Benito, 2016. "An exploration of real-time revisions of output gap estimates across European countries," Occasional Papers 1605, Banco de España.
- Mr. Alvar Kangur & Koralai Kirabaeva & Jean-Marc Natal & Simon Voigts, 2019. "How Informative Are Real Time Output Gap Estimates in Europe?," IMF Working Papers 2019/200, International Monetary Fund.
- Marcell Göttert & Timo Wollmershäuser, 2022. "Strukturelle Finanzierungssalden auf verlässliche Füße stellen [Putting Structural Budget Balances on Reliable Footing]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(2), pages 108-113, February.
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More about this item
Keywords
fiscal rules; cyclical adjustment; output gaps; real-time data; debt dynamics;All these keywords.
JEL classification:
- H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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