Adjusting fiscal balances for the business cycle: New tax and expenditure elasticity estimates for OECD countries
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper re-estimates the elasticities of government revenue and expenditure items with respect to the output gap for OECD countries. These elasticities are used by the OECD to calculate cyclically adjusted fiscal balances. The study updates the earlier 2005 study using the most recent datasets and tax codes, the coverage being confined in this...



