Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/153277
Authors: 
Leal, Teresa
Pérez, Javier J.
Tujula, Mika
Vidal, Jean-Pierre
Year of Publication: 
2007
Series/Report no.: 
ECB Working Paper 843
Abstract: 
While fiscal forecasting and monitoring has its roots in the accountability of governments for the use of public funds in democracies, the Stability and Growth Pact has significantly increased interest in budgetary forecasts in Europe, where they play a key role in the EU multilateral budgetary surveillance. In view of the increased prominence and sensitivity of budgetary forecasts, which may lead to them being influenced by strategic and political factors, this paper discusses the main issues and challenges in the field of fiscal forecasting from a practitioner’s perspective and places them in the context of the related literature.
Subjects: 
Fiscal policies
forecasting
government budget
monitoring
JEL: 
H6
E62
C53
Document Type: 
Working Paper

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