Series: IMF Working Papers
Author(s): Nigel Chalk
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2002
Keywords: Structural balances, weighted budget balance, fiscal position, expenditure, fiscal impulse, aggregate demand, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy, And General Outlook, Fiscal Policies And Behavior Of Economic Agents
Structural indicators of a country's fiscal position are regularly used as estimates of both discretionary changes in fiscal policy and the effect of fiscal policy on aggregate demand. This paper looks at such indi...