Adjusting Fiscal Balances for Asset Price Cycles
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper develops a method for adjusting structural budget balances for asset price cycles and presents estimates of structural budget balances corrected for house-price and equity-price cycles for OECD countries. The traditional cyclically adjusted budget balance indicator, which is the basis for measuring structural or underlying budget...
