Computing cyclically adjusted balances and automatic stabilizers /

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Bibliographic Details
Author / Creator:	Fedelino, Annalisa, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, 2009.
Description:	1 online resource (15 pages).
Language:	English
Series:	Technical notes and manuals, 2075-8669 ; 09/05 Technical notes and manuals ; 09/05.
Subject:	Fiscal policy -- Econometric models. Budget -- Econometric models. Business cycles -- Econometric models. Economic stabilization -- Econometric models. Budget -- Econometric models. Business cycles -- Econometric models. Economic stabilization -- Econometric models. Fiscal policy -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12495301

Hidden Bibliographic Details
Other authors / contributors:	Ivanova, Anna, 1968- author. Horton, Mark A., author. International Monetary Fund.
ISBN:	9781589069282 1589069285 9781462359622 1462359620 1462380417 9781462380411 1455238554 9781455238552
Notes:	Title from PDF title page (viewed Dec. 23, 2009). "November 2009." Includes bibliographical references.
Summary:	This technical note focuses on computing cyclically adjusted balances and automatic stabilizers. The note provides guidance on how to decompose overall fiscal balances into cyclical and cyclically adjusted components, and how to interpret automatic fiscal stabilizers. These indicators are commonly used to assess how fiscal policy responds to macroeconomic conditions. Various approaches to cyclical adjustment and estimation of the automatic stabilizers are possible. This note focuses on the approach used by the IMF's Fiscal Affairs Department in the paper on the State of Public Finances and in the Fiscal Monitor.

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