Structural Budget Deficits and Fiscal Stance
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Conventionally, fiscal policy analysis makes a distinction between "discretionary" budget changes and "built-in stability". This distinction is the first step to defining a structural budget balance operationally. Budget deficits vary automatically with the business cycle. Revenues automatically rise as the economy expands; unemployment transfers...
