The cyclically adjusted deficit: A moving target
Cyclically Adjusted Current Account Balances
... and deficit countries have contributed to the decline in the absolute value of the global current account imbalance, but the contribution of the deficit countries is about twice as large as that of the ...
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Cyclically adjusted budget balances: an alternative approach
... A3.1.2 The unobservable component (UC) approach This method has been put forward by Harvey (1989). It is based on the estimation of an explicit statistical model which incorporates variables which can and which cannot be ...
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Cyclically Adjusted Budget Balance: The Case of Croatia
... bi deficit, uz postojeće karakteristike prihoda i rashoda, djelovao na javni dug kada bi upotreba proizvodnih faktora bila na normalnoj razini (Blanchard, ...će deficit porasti što će značiti da izlazak iz ...
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Cyclically Adjusted Fiscal Balance: OECD and ESCB Methods
... A comparison of the fiscal stance and output gaps enables us to judge to what extent the government aimed at stabilising the economy. If the fiscal stance is of the opposite sign as the output gap, the fiscal authorities ...
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The Use of Cyclically Adjusted Balances at Banco de Portugal
... Table 2 shows changes in the estimated CABs. The overall cyclically adjusted deficit decreased by approximately 1.1 percentage points from 1995 to 2000. The reduction in interest payments, made ...
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Under/over-valuation of the stock market and cyclically adjusted earnings
... the adjusted and the unadjusted EP ratios. It also includes the adjusted ratio calculated according to Shiller’s (2000) methodology, ...the adjusted and the unadjusted ratios is high, there are ...
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Estimating The Cyclically Adjusted Budget Balance For The Romanian Economy. A Robust Approach
... The elasticity of the tax base with respect to output gap is quite complex, depending on whether the base is income, profits, consumption, because their behavior vary across business cycles. To improve the overall ...
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The Relation Between the Cyclically Adjusted Budget Balance and the Growth Accounting Method of Deriving Net Fiscal Effort
... What remains is to decide which definition of neutral fiscal policy should be used. The first one, as our example showed, seems too restrictive, if not for any other reason than such neutral fiscal policy would ...
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The Cyclically Adjusted Budget Balance in EU Fiscal Policymaking Love at First Sight Turned into a Mature Relationship
... the cyclically adjusted budget balance (CAB) – was recognised as crucial for fi s- cal ...to target a level of the CAB which would ensure long-term sustainability of public fi - nances while at the ...
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The Cyclically Adjusted Budget Balance in EU Fiscal Policymaking. Love at First Sight Turned into a Mature Relationship
... the cyclically adjusted budget balance (CAB) – was recognised as crucial for fi s- cal ...to target a level of the CAB which would ensure long-term sustainability of public fi - nances while at the ...
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The cyclically-adjusted budget balance in EU fiscal policy making : A love at first sight turned into a mature relationship
... The cyclically-adjusted budget balance (CAB) is an established and commonly used fiscal ...in cyclically-adjusted ...steadily moving towards the target of a balanced budget, ...
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Cross-Sectional Performance of Cyclically-Adjusted Enterprise Multiples
... of cyclically-adjusted enterprise ...the cyclically adjusted versions of it were able to generate positive value premium ...with cyclically-adjusted ratios, the growth portfolio ...
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How cyclical do cyclically-adjusted balances remain? An EU study
... In the panel framework including EU countries, our results indeed show that there is a negative and significant correlation between the output gap and the structural balance: an in- crease in the output gap equal to 1% ...
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TRANSLATING A MOVING TARGET
... | 9 THE ERA OF CONVERGENCE The convergence of technologies — mobile phones, voice recognition and voice-to email for example — has been progressing with rapid speed and adoption. The convergent translation business ...
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Moving Target D* Lite
... on moving target search problems, where both the start and goal states can change over ...introduce Moving Target D* Lite, an extension of D* Lite that uses the prin- ciple behind Generalized ...
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Moving Target Indication Radar
... and moving targets, with the former suppressed and only the latter ...slow moving objects (if desired) are not displayed on the PPI (plan position indicator), and the radar controller can pay attention to ...
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The Moving Target of Tax Reform
... Assuming a 50% dividend payout rate and a 50% capital gains realization rate, the weighted average combined corporate and individual tax rate is now 46.6% (compared to the maximum indi[r] ...
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Best Practices a Moving Target
... Rob Blasio, president and chief executive officer of Western Litigation Inc., a professional liability claims and risk management company, agreed that appropriate settlement authority [r] ...
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Student mobility: moving beyond deficit views
... opportunities to move beyond deficit discourses and blame, towards an understanding of the educational difficulties and dilemmas experienced by mobile families. The parents’ interviews offered insights into the ...
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Student mobility: moving beyond deficit views
... Taking lessons from recent literacy understandings and using data from a study about the children of itinerant fruit pickers, this paper takes a broader perspective, recommending that sc[r] ...
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