IDEAS home Printed from https://ideas.repec.org/a/cai/ecoldc/ecop_157_0001.html
   My bibliography  Save this article

Finances publiques et cycle économique : une autre approche

Author

Listed:
  • Cédric Audenis
  • Corinne Prost

Abstract

International organisations define the cyclical balance in terms of the impact of the fluctuations in present activity on the public balance. We suggest an alternative method, based on the estimation of a VAR model having as variables the deficit expressed in GDP points and the GDP growth rate. The non-cyclical balance is defined as the balance that would have been obtained if GDP had remained on its trend. This method estimates the impact of the economic cycle on the public balance without it being necessary to identify a priori the modifications in legislation that are of a structural nature. In addition, it incorporates the impact of past fluctuations in activity on the present balance. However, the scale of the cyclical balance calculated using this approach remains sensitive to the choice of GDP trend.

Suggested Citation

  • Cédric Audenis & Corinne Prost, 2003. "Finances publiques et cycle économique : une autre approche," Economie & Prévision, La Documentation Française, vol. 157(1), pages 1-12.
    • Handle: RePEc:cai:ecoldc:ecop_157_0001
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOP_157_0001
    Download Restriction: free
    File URL: http://www.cairn.info/revue-economie-et-prevision-1-2003-1-page-1.htm
    Download Restriction: free
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wissem KHANFIR, 2018. "Structural budget balance and fiscal policy stance in Tunisia," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(617), W), pages 145-154, Winter.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:ecoldc:ecop_157_0001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-economie-et-prevision.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.