Estimating the structural budget balance of the Australian Government: An update
AbstractThis Working Paper presents an overview of structural budget balance models and the adjustments most relevant for Australia. Three models (the OECD model, the IMF model and Treasury’s previously published model in the Australian Government’s 2009-10 Budget and McDonald et al (2010)) are discussed. Updated estimates of the Australian Government’s structural budget balance are presented alongside analysis showing the sensitivity of the results to plausible changes in key parameters. The updated structural budget balance estimates are based on the model used by McDonald et al (2010) and updated for the Australian Government’s 2013-14 Budget.
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Bibliographic InfoPaper provided by Treasury, Australian Government in its series Treasury Working Papers with number 2013-01.
Length: 14 pages
Date of creation: May 2013
Date of revision: May 2013
fiscal policy; cyclical adjustment; structural fiscal balance; commodity prices;
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
- H69 - Public Economics - - National Budget, Deficit, and Debt - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-02 (All new papers)
- NEP-MAC-2013-11-02 (Macroeconomics)
- NEP-PUB-2013-11-02 (Public Finance)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tony McDonald & Yong Hong Yan & Blake Ford & David Stephan, 2010. "Estimating the structural budget balance of the Australian Government," Economic Roundup, Treasury, Australian Government, issue 3, pages 51-79, October.
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