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• W1587806634 abstract "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." @default.
• W1587806634 created "2016-06-24" @default.
• W1587806634 creator A5032255083 @default.
• W1587806634 date "2010-11-01" @default.
• W1587806634 modified "2023-09-27" @default.
• W1587806634 title "Estimating New Zealand's Structural Budget Balance" @default.
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• W1587806634 hasPublicationYear "2010" @default.
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