Correcting "Beyond the Cycle" : Accounting for Asset Prices in Structural Fiscal Balances

Accounting for Asset Prices in Structural Fiscal Balances

Correcting "Beyond the Cycle" : Accounting for Asset Prices in Structural Fiscal Balances
This paper outlines an operational approach for incorporating the impact of asset price cycles in the calculation of structural fiscal balances (SFBs). The global financial crisis demonstrated that movements in asset prices can have an important fiscal impact. Failing to account for the fiscal impact of asset price cycles can encourage a... READ MORE...

Publication date: May 2015
ISBN 9781513520551
$18.00

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