A Structural VAR Approach to Estimating Budget Balance Targets

Preprint OPEN
Robert A Buckle ; Kunhong Kim ; Julie Tam (2001)
  • Subject: Budget target; Fiscal policy; Fiscal Responsibility Act; Structural VAR; Stochastic Simulation
    • jel: jel:H61 | jel:E62 | jel:C51

The Fiscal Responsibility Act 1994 states that, as a principle of responsible fiscal management, a New Zealand government should ensure total Crown debt is at a prudent level by ensuring total operating expenses do not exceed total operating revenues. In this paper a st... View more
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