What is the real character of fiscal policy? Is it expansionary or restrictive? Is it pro-cyclical or does it have stabilization effects? Policymakers and economic analysts need to be able to ascertain fiscal policy effort. As the actual budget balances are affected both by cyclical factors and structural measures, they may not, in general, be very useful when seeking to assess the stance of the fiscal policy. To understand the true nature of fiscal...
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2018/07/01
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Documento de Trabalho (Série Numerada)
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128335
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1
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1
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2018/07/13
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Disclosed
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Bosnia and Herzegovina : calculation of cyclically adjusted budget balance and assessment of fiscal policy stance
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fiscal policy
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