This paper examines and updates the methodology used for calculating the semi-elasticities that underlie the EU fiscal framework’s analysis of cyclically-adjusted budget balances.
Information and identifiers
Discussion Paper 098. May 2019. Brussels. PDF. 60pp. Tab. Graph. Bibliogr. Free.
ISBN 978-92-79-77435-5 (online)
ISSN 2443-8022 (online)
JEL classification: E62, H62, E32
European Economy Discussion Papers are written by the staff of the European Commission’s Directorate-General for Economic and Financial Affairs, or by experts working in association with them, to inform discussion on economic policy and to stimulate debate. The views expressed in this document are solely those of the author(s) and do not necessarily represent the official views of the European Commission.