The paper surveys the methodology of generational accounting, a tool for gauging intertemporal imbalance in government finances facing demographic transition. Starting from the fiscal balance rule providing the theoretical background, we review the methods of generational accountants for...

This paper introduces a methodological innovation into Generational Accounting. By incorporating cyclically-adjusted balances into the forward-looking budget projections underlying the concept we isolate pure policy effects, which render comparisons of the fiscal sustainability indicators...

This paper provides a comprehensive look at the different ways of estimating the fiscal impact of immigration, discusses the evidence for different countries and proposes ideas for future research. The evidence regarding the direction of the fiscal impact of immigration (i.e. fiscal burden or...

Past governments in Myanmar presided over a system generally characterized by weak fiscal management, but this has recently changed with the present government restoring a measure of fiscal discipline, reorienting fiscal priorities, and establishing a clear set of fiscal objectives in the...

We formulate and estimate a simple fiscal policy reaction function for the euro area and individual euro area countries. Our reaction function allows for primary surpluses to feature three components: an anti-cyclical response of primary surpluses to the output gap, a response to the debt-GDP...

The aim of this work is to present an overview on Italian Public Administration accounts from the 1960s to the present days. We will look at how public expenditure and receipts have evolved over the years, responding to favourable or unfavourable economic circumstances and to policy makers...