Fiscal stance

Publication date: 1 Feb 2017 | Publication type: National Institute Economic Review | External authors: Kuusi, T | JEL classification: E62, H60 | Journal: National Institute Economic Review Issue 239 | Publisher: Sage Publications, London
In this article, I evaluate the challenges related to the European Commission's output gap method of calculating the structural budgetary position, and assess its bottom-up alternatives in the EU's fiscal framework using the Finnish data for the years 1984–2014. The results reinforce the impression...