Asset Price Cycles, “One‑Off” Factors and Structural Budget Balances
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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资源简介：
This paper analyses two factors which may cause cyclically-adjusted budget balances to give a misleading picture of underlying fiscal trends. It first explores the implications of recent large asset-market related fluctuations in government revenues for the measurement of structural budget balances. And second, it reviews the impact of the...
