Series: IMF Working Papers
Author(s): Eugen Tereanu , Anita Tuladhar , and Alejandro Simone
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 June 2014
Keywords: structural balance, cyclically adjusted balance, budget year, budget preparation, fiscal effort, structural fiscal, General,
Potential output estimation plays a crucial role in conducting fiscal policy based on structural balances. Difficulties in estimating potential output could lead to an erroneous policy stance with a consequent impa...