Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/205611 
Autor:innen: 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
New Zealand Treasury Working Paper No. 10/08
Verlag: 
New Zealand Government, The Treasury, Wellington
Zusammenfassung: 
Existing methodologies for estimating a government's structural budget balance are reviewed and applied to the case of New Zealand. Besides the conventional cyclical adjustment, an assessment is made of other possible non-structural elements to the budgetary position, including the terms of trade, asset prices and unbalanced growth. A key result is that the terms-of-trade boom, which began in the late 2000s, is associated with around 1% of GDP in tax revenues that may not be structural. Uncertainty surrounding cyclically-adjusted balance estimates is presented using fan charts.
Schlagwörter: 
fiscal policy
business cycle
terms of trade
asset prices
JEL: 
E62
H62
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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