@techreport{Kremer2006disaggregated,
abstract = {In this paper, we present a disaggregated framework for the analysis of past and projected
structural developments in the most relevant revenue and expenditure categories and the fiscal
balance. The framework, in particular, distinguishes between the effects of discretionary fiscal
policy and of macroeconomic and other developments and is sufficiently standardised to be
used in multi-country studies.
Here, it is applied to Belgium, Finland, Germany, Italy, the Netherlands and Portugal over the
period 1998 to 2004. During this period the structural primary balance ratio clearly worsened
in all countries except Finland. In Belgium, Italy and the Netherlands, both revenue and
expenditure contributed to the deterioration of the structural primary balance. In Germany the
large deterioration in revenue was partially offset by the decline in the structural primary
expenditure ratio, while the opposite was true for Portugal. The analysis highlights the various
factors that contributed to these developments.},
author = {Jana Kremer and Cl\'{a}udia Rodrigues Braz and Teunis Brosens and Geert Langenus and Sandro Momigliano and Mikko Spolander},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E69; H50; H60; H20; 330; Structural budget balance; fiscal forecasting and monitoring; fiscal indicators; \"{O}ffentlicher Haushalt; Finanzpolitik; Haushaltsdefizit; Sch\"{a}tzung; Belgien; Finnland; Deutschland; Italien; Niederlande; Portugal},
language = {eng},
number = {2006,05},
title = {A disaggregated framework for the analysis of structural developments in public finances},
type = {Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank},
url = {http://hdl.handle.net/10419/19633},
year = {2006}
}
