IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2001i1p36-45.html
   My bibliography  Save this article

The Cyclical Adjustment of the Austrian Budget Balance by the European Central Bank

Author

Listed:
  • Thomas Url

    (WIFO)

Abstract

The European Central Bank will introduce a new estimator of the cyclical component of the general Austrian budget balance which modifies and extends the method recently developed by the OECD. The estimation extracts the cyclical component from direct taxes on households, direct taxes on enterprises, indirect taxes, social security contributions, unemployment expenditures, and pension benefits. In a first step revenue and expenditure elasticities with respect to macroeconomic indicators are estimated. The second step combines elasticities with Hodrick-Prescott filtered macroeconomic indicators to compute the cyclical component of each revenue and expenditure category. The resulting cyclically adjusted budget balance for Austria compares well with figures published by other international organisations.

Suggested Citation

  • Thomas Url, 2001. "The Cyclical Adjustment of the Austrian Budget Balance by the European Central Bank," Austrian Economic Quarterly, WIFO, vol. 6(1), pages 36-45, October.
  • Handle: RePEc:wfo:wquart:y:2001:i:1:p:36-45
    as

    Download full text from publisher

    File URL: http://www.wifo.ac.at/wwa/pubid/19660
    File Function: Abstract
    Download Restriction: Payment required

    As the access to this document is restricted, you may want to search for a different version of it.

    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:wfo:wquart:y:2001:i:1:p:36-45. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz). General contact details of provider: http://edirc.repec.org/data/wifooat.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.