Targeting the Structural Balance

By L. D. Reis, P. Manasse, U. Panizza. 2007

163 citations recorded by the source corpus.

This paper discusses whether a country should conduct fiscal policy by targeting a structural (or cyclically adjusted) fiscal balance. The paper is divided into three sections. The first section discusses the concept of cyclically adjusted balance (CAB) and points out practical and conceptual problems related to the interpretation and the measurement of a CAB. The second section discusses the theoretical rationale for having a fiscal rule in general and a rule defined in terms of a cyclically adjusted balance in particular. The third section discusses conceptual and practical problems with adopting fiscal rules and rules that target the structural balance.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/02412cbe36a9a3e878aac46fa2cc2b4b1ef32bde

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In Economics and Econometrics

1. Shanhui Fan
2. A. Alene
3. Xiaobo Zhang
4. A. Gulati
5. V. Manyong
6. J. Tilak
7. K. Fuglie
8. Zhuo Chen

Citations in the corpus

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• The economic and poverty impacts of maize research in West and Central Africa. (2009, background): “…work has documented the key contributions of agricultural research to productivity growth and poverty reduction in the developing world, especially in Asia (e.g., Byerlee and Traxler, 1995; Datt and Ravallion, 1998; David and Otsuka, 1994; Fan et al., 2000, 2005; Lipton and Longhurst, 1989).”
• Investment, subsidies, and pro‐poor growth in rural India (2008, background): “…roads, R&D, and sometimes even investments in the fertilizer industry (see the details of this debate in Chand 2000; Fan, In an earlier study, Fan, Hazell, and Thorat (2002) constructed their own series of public expenditures to explain the growth of agriculture, and concluded that the…”