The track record of fiscal forecasting in the EU

We study the deviations between the budget balance ratio forecasts and outcomes in the European Commission semiannual vintage forecasts for the period 1998-2011. Our main conclusions are: i) there is evidence that the deviations of real GDP and inflation can explain the deviations of the budget bala...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Silva, Jorge (author)
Format: article
Language:eng
Published: 2022
Subjects:
Online Access:http://hdl.handle.net/10400.5/25555
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/25555