{"id":111440,"date":"2024-01-22T17:13:14","date_gmt":"2024-01-22T16:13:14","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/111440\/"},"modified":"2024-11-07T03:56:15","modified_gmt":"2024-11-07T02:56:15","slug":"a-decomposition-of-austrias-general-government-budget-into-structural-and-cyclical-components","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/111440\/","title":{"rendered":"A Decomposition of Austria's General Government Budget into Structural and Cyclical Components"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-111440","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The paper describes a model for computing the trend output and the structural budget deficit in Austria. The calculation of trend output is based on a production function approach within a small macroeconomic model of the Austrian economy. A decomposition of public budgets into cyclical and structural components shows responsiveness to business cycle variations, and allows a better assessment of the sustainability of the budget balance. The model will be used in future forecasting rounds and links macroeconomic and budgetary variables of the WIFO Economic Outlook to estimates for trend output and the structural budget deficit. Until now, such decomposition has not been part of the regular WIFO forecast.","onlinedate":"2008-04-11 02:00:00","lang":"English","publication_series":"","publication_date":"20080401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"50","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":329602,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"316","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3500],"collaboration":"","persons":[3641,3792,3872,3899],"persons_data":"[{\"personId\":3641,\"personName\":\"Serguei Kaniovski\",\"organisationNames\":[]},{\"personId\":3792,\"personName\":\"Hans Pitlik\",\"organisationNames\":[]},{\"personId\":3872,\"personName\":\"Sandra Steindl\",\"organisationNames\":[]},{\"personId\":3899,\"personName\":\"Thomas Url\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Kaniovski, S.<\\\/span><span>, Pitlik, H.<\\\/span><span>, Steindl, S.<\\\/span><span>, &amp; Url, T.<\\\/span> (2008). <span>A Decomposition of Austria's General Government Budget into Structural and Cyclical Components<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (316). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/31859\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/31859<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Kaniovski S<\\\/span><span>, Pitlik H<\\\/span><span>, Steindl S<\\\/span><span>, Url T<\\\/span>. <span class=\\\"title\\\"><span>A Decomposition of Austria's General Government Budget into Structural and Cyclical Components<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2008 Apr;(316).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{913a276bc12d4ec0959b6ef5ab4d6dbc,<\\\/div><div>  title    = \\\"A Decomposition of Austria's General Government Budget into Structural and Cyclical Components\\\",<\\\/div><div>  abstract = \\\"The paper describes a model for computing the trend output and the structural budget deficit in Austria. The calculation of trend output is based on a production function approach within a small macroeconomic model of the Austrian economy. A decomposition of public budgets into cyclical and structural components shows responsiveness to business cycle variations, and allows a better assessment of the sustainability of the budget balance. The model will be used in future forecasting rounds and links macroeconomic and budgetary variables of the WIFO Economic Outlook to estimates for trend output and the structural budget deficit. Until now, such decomposition has not been part of the regular WIFO forecast.\\\",<\\\/div><div>  keywords = \\\"Austria, WIFO forecast, WIFO Economic Outlook, trend output, structual budget balance\\\",<\\\/div><div>  author   = \\\"Serguei Kaniovski and Hans Pitlik and Sandra Steindl and Thomas Url\\\",<\\\/div><div>  year     = \\\"2008\\\",<\\\/div><div>  month    = apr,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - A Decomposition of Austria's General Government Budget into Structural and Cyclical Components<\\\/p><p>AU  - Kaniovski, Serguei<\\\/p><p>AU  - Pitlik, Hans<\\\/p><p>AU  - Steindl, Sandra<\\\/p><p>AU  - Url, Thomas<\\\/p><p>PY  - 2008\\\/4<\\\/p><p>Y1  - 2008\\\/4<\\\/p><p>N2  - The paper describes a model for computing the trend output and the structural budget deficit in Austria. The calculation of trend output is based on a production function approach within a small macroeconomic model of the Austrian economy. A decomposition of public budgets into cyclical and structural components shows responsiveness to business cycle variations, and allows a better assessment of the sustainability of the budget balance. The model will be used in future forecasting rounds and links macroeconomic and budgetary variables of the WIFO Economic Outlook to estimates for trend output and the structural budget deficit. Until now, such decomposition has not been part of the regular WIFO forecast.<\\\/p><p>AB  - The paper describes a model for computing the trend output and the structural budget deficit in Austria. The calculation of trend output is based on a production function approach within a small macroeconomic model of the Austrian economy. A decomposition of public budgets into cyclical and structural components shows responsiveness to business cycle variations, and allows a better assessment of the sustainability of the budget balance. The model will be used in future forecasting rounds and links macroeconomic and budgetary variables of the WIFO Economic Outlook to estimates for trend output and the structural budget deficit. 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