
Revisions to output gap estimates can skew fiscal stabilisers, IMF says

Revisions to estimates of the output gap in European Union countries have historically averaged almost 1.5% of potential GDP – contributing significantly to revisions in the estimated cyclically-adjusted primary balance, a measure of fiscal effort.
In Structural Balance Targeting and Output Gap Uncertainty, IMF economists Eugen Tereanu, Anita Tuladhar and Alejandro Simone write that this means the standard advice of "letting automatic stabilizers operate fully" in response to a positive or
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com