Testing the EU Fiscal Surveillance: How Sensitive is it to Variations in Output Gap Estimates
- ISBN-10
- 9279046381
- ISBN-13
- 9789279046384
- Pages
- 27
- Language
- English
- Published
- 2007
- Authors
- Martin Larch, Sven Langedijk
Description
Real-time estimates of potential output are used for the calculation of the cyclically-adjusted budget balance, one of the main indicators in the assessment of the fiscal performance of EU Member States.
