01788cas a2200265 a 4500 AALejournalIMF012431 230101c9999 xx r poo 0 0eng d 5.00 USD 9781462359622 2075-8669 BD-DhAAL BD-DhAAL Fedelino, Annalisa. Computing Cyclically-Adjusted Balances and Automatic Stabilizers / Annalisa Fedelino, Mark Horton, Anna Ivanova. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (13 pages) Technical Notes and Manuals <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This technical note focuses on computing cyclically adjusted balances and automatic stabilizers. The note provides guidance on how to decompose overall fiscal balances into cyclical and cyclically adjusted components, and how to interpret automatic fiscal stabilizers. These indicators are commonly used to assess how fiscal policy responds to macroeconomic conditions. Various approaches to cyclical adjustment and estimation of the automatic stabilizers are possible. This note focuses on the approach used by the IMF's Fiscal Affairs Department in the paper on the State of Public Finances and in the Fiscal Monitor. Mode of access: Internet Horton, Mark. Ivanova, Anna. Technical Notes and Manuals; Technical Notes and Manuals ; No. 2009/005 Full text available on IMF http://elibrary.imf.org/view/journals/005/2009/005/005.2009.issue-005-en.xml IMF e-Library