Bank of Albania paper trials CAB approach to estimate fiscal position
A working paper from the Bank of Albania proposes a new approach to estimating the country's fiscal position using cyclical adjustments with the aim of capturing only the effects of discretionary fiscal policy on the budget balance.
In Cyclically-adjusted budget balance: an alternative approach in estimating the fiscal position for Albania, Anjeza Gazidede, a senior economic analyst in the central bank's monetary policy department, says the results obtained from the new approach reveal a pro
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