CAPB

(redirected from Cyclically Adjusted Primary Balance)
AcronymDefinition
CAPBCentral Auditory Processing Battery
CAPBCyclically Adjusted Primary Balance (economics)
CAPBClub Amatori Pastore Belga (Italian: Amateur Belgian Shepherd Club)
CAPBCancer of the Prostate and Brain (urology)
CAPBCurriculum and Assessment Policy Branch
CAPBCounty Agricultural Preservation Board (St. Joseph County, MI)
CAPBClinical Applications and Prevention Branch
References in periodicals archive ?
We consider four OECD measures of a country's fiscal position: (i) net lending as a share of GDP; (ii) primary balance as a share of GDP; (iii) cyclically adjusted net lending as a share of potential GDP; and (iv) cyclically adjusted primary balance as a share of potential GDP.
On average across the 18 countries, the point estimates indicate that the world factor explains 44 percent of total variance for net lending, 28 percent for cyclically adjusted net lending, 44 percent for the primary balance, and 35 percent for the cyclically adjusted primary balance.
The explanatory power of the output gap factor for the cyclically adjusted surpluses is surprisingly large, however, with very sizable R-squared statistics of 41 percent and 24 percent for the cyclically adjusted net lending and cyclically adjusted primary balance, respectively.
Consistent with the idea that higher equity prices increase capital gains tax revenues, the dividend-to-price ratio factor is significantly negatively related to cyclically adjusted net lending, the primary balance, and cyclically adjusted primary balance factors in the bivariate regressions.
The national output gap and military spending are significant determinants of national net lending and cyclically adjusted net lending, while the national output gap, the dividend-to-price ratio, and military spending are significantly related to the national primary balance and cyclically adjusted primary balance.
Table 3 shows the results where the consolidations are selected by the cyclically adjusted primary balance (CAPB) method and Table 4 where the consolidations are selected by the Action-Based method.
Table 5 displays the post-prior change in each fiscal variable as a percent of the post-prior change in the cyclically adjusted primary balance.
Alesina and Perotti (1996) define an adjustment as a year when the cyclically adjusted primary balance falls by more than 1.
These episodes include only those that, once started, resulted in a noticeable improvement in the measure used of the underlying budget position, the cyclically adjusted primary balance (CAPB).
According to this definition, a fiscal consolidation episode: * Starts if the cyclically adjusted primary balance (CAPB) improves by at least one percentage point of potential GDP in one year or in two consecutive years with at least 1/2 percentage point improvement occurring in the first of the two years.
Probability to reach a primary balance that stabilises debt Year before the episode started Cyclically adjusted primary balance Gap to primary balance 0.