Improving fiscal policy in the EU : the case for independent forecasts /
The evidence from several euro-area countries demonstrates the existence of a forecast bias in the budgetary process, which negatively affects fiscal performance. To remedy this bias, we suggest that forecasting should be assigned to an authority independent from the ministry of finance and the gove...
| Κύριος συγγραφέας: | Jonung, Lars. |
|---|---|
| Corporate συγγραφέας: | European Commission : Directorate-General for Economic and Financial Affairs. |
| Άλλοι συγγραφείς: | Larch, Martin. |
| Μορφή: | Βιβλίο |
| Γλώσσα: | Greek English |
| Στοιχεία έκδοσης: |
Brussels ; Belgium :
European Commission: Directorate-General for Economic and Financial Affairs,
2004
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| Σειρά: |
European Economy. Economic papers ;
210 |
| Διαθέσιμο Online: |
http://ec.europa.eu/economy_finance/publications/publication_summary650_en.htm |
| Ετικέτες: |
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| Περίληψη: |
The evidence from several euro-area countries demonstrates the existence of a forecast bias in the budgetary process, which negatively affects fiscal performance. To remedy this bias, we suggest that forecasting should be assigned to an authority independent from the ministry of finance and the government, with the task of producing unbiased projections of growth and other variables crucial for the budgetary process. |
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| Περιγραφή τεκμηρίου: |
Internal paper |
| Φυσική περιγραφή: |
26 σ. ; 30 εκ. |
| ISSN: |
1016-8060 (print) 1725-3187 (online) |
| Σχετικά τεκμήρια: |
Economic Papers |