Series: Technical Notes and Manuals
Author(s): Annalisa Fedelino , Mark Horton , and Anna Ivanova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 02 December 2009
Keywords: fiscal policy, automatic stabilizers, business cycle fluctuations, cyclical adjustment, interest payments, interest, primary balance, fiscal balance
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 componen...